Exercise 12-2 Dropping or Retaining a Segment [L012-2] 21,000 15,500 113,400 40,00038,10035,300 8,900 40,400 ,800 Depreciation of special equipment al fixed expenses as to and does not wear t in 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 profitability of the various product lines n by tering our ansth tabs bedow Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Hint Required 3 Required 2 Required 1 Print eferencesShould the production and sble of racing bikes be discontinued? Yes Required 1 2 Required 3 Prepare a r perly formatted segmented income statement that would be more useful to management in assessing the long- run profitabuity of the various product lines. Dirt Bikes Mountain Bikes Racing Bikes Required 2