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.

work Ch 1812 Help Save & Exit Submit Check my work Regal Cycle Company manufactures three types of bicycles-a dirt bike a mountain bike, and a racing bike Data on sales and penses for the past quarter follow: Dirt Mountain Racing Total Bikes Bikes Bikes $921, eee $264,00 $ 401, eae $ 256,000 489,00 113,098 287,89 160,080 441,00 151,80 194, 96,890 70,100 43,389 8,820 20,500 40,300 40,700 7,702 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) 20,600 15,100 115,402 38.663 36,500 184,200 52,Bee 413,000 122,400 $ 28,000 $ 28,600 $ 89,208 51,202 167,200 123,400 26,800 $(27,400) in the hilsner Required Prepare a property formatted segmented income statement that would be more useful to management in assessing the long- un profitability of the various product lines. Mountain Totals Dirt Bikes Product line segment marginoss 0 50 0 50