Revenues 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: Total Meals On House- Wheels $401,000 keeping $ 254,000 156,000 98,000 Home Nursing $ 924,000 $ 269,000 471,000 118,000 197,000 453,000 151,000 204,000 69,900 44,400 8,900 20, 800 40,100 36,300 53,800 123,600 50, 800 123, 600 $ 27,400 $ 37,000 $ (25,600) 40, 200 7,900 38, 700 80, 200 167,000 20,800 15,700 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. 115, 100 184,800 414, 200 $ 38,800 The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $38,800 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 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Financial (disadvantage) Req 1A Req 1B > Prepare a properly formatted segmented income statement. 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) Total Home Nursing Meals On Wheels House-keeping 0 0 0 + 0 0 0 0 0 $ 0 $ 0 $ 0 0