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 Tixed expenses Depreciation Liability insurance Program administrators' salaries General administrative overhead Total fixed expenses Net operating income (lons) Meals on House- Total Nursing Wheels keeping 5 925,000 $262.000 $ 407,000 5 256,000 479.000 119.000 200.000 152,000 446,000 143,000 199,000 104.000 69,300 3,100 40,600 20,600 43,500 20.600 7,500 15,400 114,500 40,700 38,300 35,500 185,000 52.00 81,400 51,200 412,300 121.300 167.300 L22700 $ 33,700 $ 21,200 $ 31,200 $(18,700) "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 $33,700 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? 1-6. 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. Reg 1A Reg 16 Reg 2A Reg 28 Prepare a properly formatted segmented income statement Total Home Nursing House- Meals on Whoo 0 0 Revenues Variable expenses Contribution margin Traceable fixed expenses Depreciation Liability insurance Program administrators' salaries Total traceable fred expenses Program segment margins General administrative overhead Net operating income (loss) 0 0 OS 05 05 0