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 House- Total Revenuen Home Nursing Wheels keeping $ 926,000 Variable expenses $ 267,000 $ 404,000 $ 255,000 481,000 118,000 205,000 158,000 Contribution margin 445,000 149,000 199,000 Tixed expenses 97,000 Depreciation 69,300 8,100 40,300 20,900 Liability Insurance 43,500 20,600 7.600 15,300 Program administratore salaries 114,000 40,800 38,300 35,700 General administrative overhead 185,200 53,400 80,000 51,000 Total tixed expenses 412.000 122.900 162,000 122.900 Not operating income (los) $ 32,200 $ 26,100 $ 32,000 $ (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 $32,200 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 liobility 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 Reg 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 Next > 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 House- Total Revenuen Home Nursing Wheels keeping $ 926,000 Variable expenses $ 267,000 $ 404,000 $ 255,000 481,000 118,000 205,000 158,000 Contribution margin 445,000 149,000 199,000 Tixed expenses 97,000 Depreciation 69,300 8,100 40,300 20,900 Liability Insurance 43,500 20,600 7.600 15,300 Program administratore salaries 114,000 40,800 38,300 35,700 General administrative overhead 185,200 53,400 80,000 51,000 Total tixed expenses 412.000 122.900 162,000 122.900 Not operating income (los) $ 32,200 $ 26,100 $ 32,000 $ (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 $32,200 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 liobility 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 Reg 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 Next > management assessing arious services? Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Reg 2A Req 2B Prepare a properly formatted segmented income statement. Total Home Nursing Meals On Wheels House- keeping 0 0 0 0 Revenues Variable expenses Contribution margin Traceable fixed expenses Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Not operating income (loss) 0 0 0 0 0 S 0 0 $ 0 0 1-b. Based on the financial advantage (disadvantage) of discor should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income stateme 2-b. Would a segmented income statement format be more us various services? Complete this question by entering your answers in the t Req 1A Req 1B Reg 2A Req 2B What is the financial advantage (disadvantage) of discontinuing ti Financial (disadvantage)