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 House- ome Nursing $934,000 $265,000 $410,000 $ 259,000 111,000 192,000 154,000 218,000 On. keeping Total Wheels Revenues Variable expenses 462,000 472,000 159,000 100,000 Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators 8,100 20,300 69,200 43,600 40,400 7,900 20,700 15,400 116,200 40,900 38,800 36,500 salaries General administrative overhead* Total fixed expenses Net operating income (loss) 186,800 53,000 82,000 51,800 169,100 415,800 122,300 124,400 $56,200 $ 31,700 $ 48,900 $ (24,400) 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 $56,200 to be unsatisfactory; the refore, 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 ad ministrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Prepare a properly formatted segmented income statement Meals On Wheels $ 934,000 263,000 404,000 Home House- Total Nursing keeping $ $ Revenues 256,000 462,000 118,000X 194,000x 155,000X 101,000 Variable expenses Contribution margin Traceable fixed 472,000 145,000 210,000 expenses: Depreciation 69,200 40,400 20,700 8,100