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 Hone Meals On House Total Nursing Wheels keeping $ 930,000 $ 264,000 $ 407,000 $ 259,000 468,eee 116,000 195, eee 157,eee 462,000 148,eee 212,000 102,080 Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators salaries General administrative overhead Total Fixed expenses Net operating income (loss) 69,900 8,500 40, 500 20,980 43,500 20,300 7,200 16,000 115,400 48,880 38 , 36,600 186,000 52,800 81,400 51, see 414,880 122,480 167, 100 125,300 $ 47,200 $ 25,600 $ 44,900 $(23,380) *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 $47,200 to be unsatisfactory, therefore she is considering the possibility of discontinuing the housekeeping program, The depreciation in housekeeping is for a small von 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? 1-5. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Reg 1A should the Housekeeping program be discontinued? 2-0 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