Please note this a multi part question

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: 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) Dirt Mountain Racing Total Bikes Bikes Bikes $924,000 $264,000 $401,000 $ 259,000 474,980 111,080 203,000 160,000 450,000 153,000 198,800 99,000 69,800 8,800 40,300 20,700 44,600 20,900 7,900 15,800 114,900 40,700 38,300 35,900 184,800 52,800 20,200 51,800 414, 100 123,200 166, 700 124,200 $ 35,900 $ 29,800 $ 31,300 $125,200) "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. the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does Required: 1. What is the financial adyantage (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. 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? Financial advantage per quarter Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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. Totals Dirt Bikes Mountain Bikes Racing Bikes 933,000 $ 268,000 $ 409,000 $ 256,000 417,000 112,000 204,000 155,000 516,000 156,000 205,000 101,000 Sales Variable manufacturing and selling expenses Contribution margin (loss) Traceable fixed expenses: Advertising Depreciation of special equipment 0 Total traceable fixed expenses Product line segment margin (loss) 0 156,000 $ 0 205,000 $ 0 101,000 516,000 $ $ 516,000 Net operating income (loss)