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Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Home Meals On House- Total Nursing Wheels keeping Revenues $ 926, 000 $ 264, 000 $ 406,000 $ 256,000 Variable expenses 467,000 117,000 191,000 159,000 Contribution margin 459,000 147,000 215, 000 97,000 Fixed expenses: Depreciation 70, 200 8,900 40, 600 20, 700 Liability insurance 44 , 300 20,600 7,800 15,900 Program administrators' salaries 114, 300 40,500 38, 400 35, 400 General administrative overhead* 185 , 200 52 , 800 81, 200 51, 200 Total fixed expenses 414,000 122 , 800 168,000 123,200 Net operating income (loss) $ 45,000 $ 24,200 $ 47,000 $ (26, 200) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $45,000 to be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement. 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services?Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Financial (disadvantage)