3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the profitability of the various product lines. 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 Sales $4 934,000 $ 267,000 $ 408,000 S 259,000 Variable manufacturing and selling expenses Contribution margin (loss) 934,000 267,000 408,000 259,000 Traceable fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of the product line managers 35,900 Total traceable fixed expenses 35,900 Product line segment margin (loss) 934,000 $ 267,000 $ 408,000 2$ 223,100 Common fixed expenses 186,800 Net operating income (loss) 24 747,200

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