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) *Allocated on the basis of program revenues. Total $925,000 467,800 Home Nursing $262,000 115,000 458,000 147,000 Meals On Wheels $ 484,000 194,800 210,000 House- keeping $ 259,000 158,000 101,000 70,000 8,600 40,800 20,600 43,700 20,100 7,708 15,900 115,800 40,200 38,800 36,800 185,000 52,400 80,800 51,800 414,500 121, 300 168,108 125,100 $ 43,500 $ 25,788 $ 41,900 $ (24,100) The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $43.500 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: 1-8. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. 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 Req 18 Req 2A Req 28 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Yes No