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 OnHouse. Total Nursing Wheels keeping $ 923,080 $ 262,000 $ 404,00 $ 257,000 467, e8e117,980 198,00 160, eee 456,eee 145,000 214, 97, Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead Total fixed expenses Net operating income (loss) 69,78e 43,289 114,00 184,680 411,580 $ 44,500 $ 8,189 29,900 40,189 52,480 121,580 23,580 $ 40,880 2 ,800 7,280 15,180 38,280 35,789 80, 8ee 5 1,480 167,080 123,080 47,000 $(26,000) *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 $44.500 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-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? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Req1A Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Req IA Reg 1B Reg 18 Reg 2A Reg za Reg 28 Res 25 Should the Housekeeping program be discontinued? Req 1A Reg 2A > Reg 1A Reg 1B Req 2A Reg 28 Prepare a properly formatted segmented income statement. Total Home Nursing Meals On Wheels House. keeping Revenues Variable expenses Contribution margin Traceable fixed expenses: Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) Req 1A Req 1B Reg 2A Reg 2B Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Yes No )