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: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead Total fixed expenses Net operating income (loss) Home Meals On House Total Nursing Wheels keeping $ 922,000 $ 267,000 $ 401,000 $ 254,000 462,000 111000 193,000 158,000 460,000 156.000 2001.000 0.000 69,600 8,400 40,900 20,300 44,200 20,600 7.700 15,900 114,900 40,000 38,300 36,600 184,400 53,400 80,200 50, 800 413,100 122,400 1100 123,600 $ 46,900 $ 33,600 $ 40,900 $(27.600) *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 $46,900 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? 1-5. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, 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 Reg 1B Reg 2A Reg 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Req1A Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 20 Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Yes No Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Reg 2B Prepare a properly formatted segmented income statement. Total Home Nursing Meals On Wheels House- keeping Revenues Variable expenses Contribution margin Traceable fixed expenses Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) Complete this question by entering your answers in the tabs below. . Reg 1A Res 10 Req2A Req 20 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Yes No