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) Req 1A *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 $46,000 to be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program. Complete this question by entering your answers in the tabs below. Reg 1A 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. 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. Yes 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Req 1B ONO Req 1A Req 1B Revenues Variable expenses Req 2A What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Complete this question by entering your answers in the tabs below. Req 1B Req 28 Req 2A 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 $ 923,000 464,000 459,000 < Req 1A Req 2A 68,900 43,800 115,700 184,600 413,000 $ 46,000 Req 28 Home Nursing $ 268,000 114,000 154,000 8,200 20,700 40,700 53,600 123,200 $ 30,800 Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? < Req 1A Complete this question by entering your answers in the tabs below. Prepare a properly formatted segmented income statement. Req 28 Total < Reg 1B Req 1B > Meals On Wheels $ 403,000 190,000 213,000 Req 2A > 40,200 20,500 7,900 15,200 39,000 36,000 80,600 50,400 167,700 122,100 $ 45,300 $ (30,100) Meals On Home Nursing Wheels House-keeping $ 252,000 160,000 92,000 Req 2B > Complete this question by entering your answers in the tabs below. House- keeping