(64,000) Incorrect and need all answers including work shown please! thank you

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on expenses for the past quarter follow: Total $ 932,000 478,000 454,000 Dirt Bikes $ 266,000 119,000 147.000 Mountain Bikes $ 499,000 207,000 202,000 Racing Bikes $ 257,000 152,000 105,000 Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses Net operating income (loss) 78,500 44,200 115,00 186,400 416,100 8,800 21,000 40,400 53,200 123,400 $ 23,600 40, 800 7,300 38,900 81,800 168,800 $ 33,200 29,900 15,900 35,700 51,400 123,900 $ (18,900) $ 37,900 "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 w the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not 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 t profitability of the various product lines. Complete this question by entering your answers in the tobs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Financial advantage (disadvantage) per quarter $ (64,000)