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 $ 925,000 $ 267,000 $ 404, eee $ 254,000 487,00 119, 2e9,eee 159,800 438.00 148,00 195, eee 95,000 Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators salaries General administrative overhead Total fixed expenses Net operating income (loss) 69,600 43,900 115,60a 185.000 414,100 23,900 8, see 20,900 40,200 53,400 123.300 24,700 40, 2ee 20,600 7,500 15,500 38,700 36,700 80, 800 se, 800 167,200 123,600 27,800 $(28,600) $ $ $ "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 $23.900 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. Reg 1A Req 18 Req 2A Reg 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? (Reg 1A Req 1B > Complete this question by entering your answers in the tabs below. Reg 1A eq 1B Reg 2A Req 2B Should the Housekeeping program be discontinued? Yes ONO ( Req 1A Req 2A > Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2A Reg 28 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? ONO