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 $918,000 $ 262,000 $401,000 $ 255,000 469,000 118,000 199,000 152,000 449,000 144,000 202,000 103,000 Revenues Variable expenses Contribution margin Tixed expenses Depreciation Liability insurance Program administrators' walaries General administrative overhead Total fixed expenses Net operating income (108) 70,300 8,800 40,700 20,800 43,700 20,200 7.700 15,800 114,600 40,600 38,900 35,100 183,500 52,400 80,200 51,000 412,200 122,000 267,500 122,700 $ 36,000 $ 22,000 $ 34,500 $(19,700) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyamo, considers last year's net operating income of $36,800 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 Mobility 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? 1-6. 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. 51:37 Req 1A Reg 1B Req 2A Req 28 ok Prepare a properly formatted segmented Income statement. ences Total Home Nursing Meals On Wheels House- keeping Revenues Variable expenses Contribution margin Traceable fixed expenses: Depreciation Liability insurance Program administrators' salaries Total traceable faced expenses Program segment margins General administrative overhead Net operating income (loss) Prev 4 A2