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) Total $ 926,000 475,000 Home Nursing $ 269,000 115,000 451,000 154,000 Meals On Wheels $ 401,000 201,000 200,000 House- keeping $ 256,000 159,000 97,000 70,300 9,000 40,400 20,900 43,600 20,500 7,500 15,600 113,900 40,600 38,100 35,200 185,200 53,800 80,200 51,200 413,000 123,900 166,200 122,900 $ 38,000 $ 30,100 $ 33,800 $ (25,900) *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 $38,000 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. 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.