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 Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Allocated on the basis of program revenues. Total $ 919,000 464,000 Home Nursing $ 262,000 455,000 119,000 143,000 $ 405,000 194,000 211,000 Meals On Wheels House- keeping $ 252,000 151,000 101,000 69,300 8,600 40,500 20,200 44,500 21,000 7,700 15,800 115,500 40,000 39,000 36,500 183,800 52,400 81,000 50,400 413,100 122,000 168,200 122,900 $ 41,900 $ 21,000 $ 42,800 $ (21,900) The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $41,900 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 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 18 Req 2A Req 2B Prepare a properly formatted segmented income statement. Revenues Meals On Total Home Nursing House-keeping Wheels What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Req 1A Req 1B Req 2A Req 2B Prepare a properly formatted segmented income statement. Revenues Variable expenses Total Home Nursing Meals On Wheels House-keeping