there are 3 parts to this question the 3 parts are the Required section at the bottom

X P AccessUH Connect ucation.com i Saved The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow Dirt Mountain Racing Total Bikes Bikes Bikes Sales $ 922,000 $262,000 $ 410,000 $ 250,000 Variable manufacturing and selling expenses 471,060 118,060 201,060 152,080 Contribution margin 451, 060 144,000 209,000 98,000 Fixed expenses: Advertising, traceable 69,600 8,400 40,400 20,800 Depreciation of special equipment 44, 100 20,700 8,000 15,400 Salaries of product-line managers 114,900 40,700 38,500 35,700 Allocated common fixed expenses* 184,400 52,400 82,000 50,000 Total fixed expenses 413,090 122,200 168,900 006 TZI Net operating income (loss) (006'EZ)$ OOT'0 5 008'IZ $ 000'BE 5 "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? Required 2 > P