Hey! I need help on this question for my managerial accounting homework.

pMnE eBook Hmt E References The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of productline managers Allocated common fixed expenses* Total fixed expenses Net operating income (loss) *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 nancial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Dirt Mountain Racing Total Bikes Bikes Bikes $919,000 $266,000 $401,000 $ 252,000 470,000 111,000 203,000 156,000 449,000 155,000 198,000 96,000 68,900 8,400 40,400 20,100 44,300 20,700 8,000 15,600 115,400 40,600 38,200 36,600 183,800 53,200 80,200 50,400 412,400 122,900 166,800 122,700 $ 36,600 $ 32,100 $ 31,200 $(26,700) 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 protability of the various product lines. Check my wor