Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not B ike $206.000 113.000 153.000 Bikes $ 405,000 210.000 195.000 Bikes $262.000 180.000 93,000 Total Sales $ 923.000 Variable Maracturing and selling expenses_483.000 Contribution margin 440.000 Fixed expenses Advertising. traceable 69.000 Depreciation of special equipment 44.000 Salaries 01 product-line Managers 114.000 Allocated Connon taxed expenses 184.600 Total fixed expenses 411.600 Net operating income (loss) $ 28. 400 8.100 20.700 40.200 53. 200 122, 200 $ 30,800 4 0, 800 7.700 38. 300 81.000 107.800 27.200 2 0, 100 15.600 35.500 50.400 121.600 $(29.600) $ "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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required i Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? Financial (disadvantage) per quarter $ 35,400 Required 2 >