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 seniorshome nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Meals on House- Total Home Nursing Wheels keeping Revenues $ 927,000 $ 266,000 $ 404,000 $ 257,000 Variable expenses 471,000 119,000 197,000 155,000 Contribution margin 456,000 147,000 207,000 102,000 Fixed expenses: Depreciation 69,500 8,300 40,600 20,600 Liability insurance 43,200 20,400 7,200 15,600 Program administrators' salaries 115,400 40,600 38,300 36,500 General administrative overhead* 185,400 53,200 30,800 51,400 Total fixed expenses 413,500 122,500 166,900 124,100 Net operating income (loss) $ 42,500 $ 24,500 $ 40,100 $ (22,100) *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 $42,500 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 tojob. 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 nancial advantage (disadvantage) of discontinuing the Housekeeping program? 1b. Based on the nancial 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 nancial viability of the 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 Req 2A Req 2B What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?