Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their owr 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 Wheels $ 410,000 199,000 211,000 House- Home Nursing $ 263,000 117,000 146,000 Total $ 932,000 468,000 464,000 keeping $ 259,000 152,000 107,000 Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead* 69,500 43,400 114,300 186,400 413,600 $ 50,400 8,300 20, 200 40,600 52,600 121,700 $ 24,300 40,400 7,700 38,500 82,000 168,600 $ 42,400 20,800 15,500 35,200 51,800 123,300 $ (16,300) Total fixed expenses 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 $50,400 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. 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?