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: Meals On Total Home Nursing Wheels House-keeping Revenues $ 934, 080 $ 270,080 $ 410,980 $ 254,090 Variable expenses 473, 090 118,089 203,980 152,090 Contribution margin 461, 098 152,909 207,980 Fixed expenses: Depreciation 69, 508 8, 508 40,580 20, 508 Liability insurance 43, Bee 20, 408 7,980 15, 508 Program administrators' salaries 114,908 41, 090 38, 890 35, 108 General administrative overhead* 186, 898 54,090 50, 890 Total fixed expenses 415, 980 123,908 169,280 121,908 Net operating income (loss) $ 46,080 $ 28, 180 $ 37,800 $ (19,908) `Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Mlyama, considers last year's net operating Income of $46,000 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. 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 Reg 2A Req 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?Complete this question by entering your answers in the tabs below. Req 1A Req 18 Reg 2A Req 28 Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? OYes ONDComplete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2A Req 28 Prepare a properly formatted segmented income statement. Total Home Nursing Meals On House- Wheels 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. Req 1A Req 18 Reg 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 OND