Jackson County Senior Services is a nonprofit organization devoted to providing essential services to senlors 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: Home Meals On House- Total Nursing Wheels keeping 927,000 $263,000 $408,000 256,000 470,000 113,000 206,000 151,000 57,000150,000 202,000 105,000 Depreciation 69,400 8,400 40,400 20,600 44,000 20,400 7,700 15,900 114,100 40,200 38,600 35,300 51,200 412,900 121,600 168,300 123,000 S 44,100 28,400 33,700 $(18,000) Liability insurance Program administrators salaries General adninistrative overhead Total fixed expenses Net operating income (loss) 185,40052,600 81,600 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 $44,100 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 Prepare a properly formatted segmented income statement. Meals On Wheels House- Total Home Nursing keeping Revenues Variable expenses Contribution margin Traceable fixed expenses: 0 Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) KReq 1B Req 2B>