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, Home Meals On House- Total Nursing Wheels keeping $924,000 $ 269,000 $400,000 $ 251,000 472,000 115,000 202,000 155,000 452,000 154,000 202,000 96,000 Revenues Variable expenses Contribution margin Fixed expenses! Depreciation Liability insurance Program administrators' salaries General administrative overheade Total fixed expenses Net operating incotte (loss) 70,200 9,000 40,900 20,300 44,300 20,900 7,900 15,500 114,900 40,700 38,400 35,800 184,800 53,800 80,800 50,200 414,200 124,400 168,000 121,800 $ 37,800 $ 29,600 $ 34,000 $125,800) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyamo, considers last year's net operating income of $37,800 to be unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small von 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. 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