Jackson County Senior Services is a nonprofit organization devoted to providing essentlal 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 ome House- keeping Total Nursing wheels $925,000 $266,000 $405,000 254,000 Revenues 471,000 209,000 151.000 Variable expenses Contribution margin Fixed expenses 111,000 155,000 454,000 196,000 103,000 Depreciation Liability insurance Program administrators' salaries 69,900 43,700 114,600 185,000 8,400 20,600 40,500 53,200 40,900 7,400 38,400 81,000 20,600 15,700 35,700 50,800 General administrative overhead* Total fixed expenses 413,200 122,700 167,700 122,800 40,800 $ 32,300 28,300 $(19,800) Net operating income (loss) 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 $40,800 to be unsatisfactory; therefore, she is considering the possibility of discontin uing 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 charltable organization. None of the general administrative overhead would be avolded 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 financlal viability of the various services? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? > Req 1A Req 1B