0 Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5 The following information applies to the questions displayed below Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Office Chicago $450,000 100% 150,000 100% $300,000 100% 25,000- 508 45,000 30. 180,000- 60. 105,000 70% 78,00052 99,000 229 $ 27,000 18% $72,000 24% Total Conpany Minneapolis Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Comnon fixed expenses not traceable to offices63,000141 Net operating income 225,000 126,000 50 28 120,000 48,000 408 16% 36,000 Exercise 6-16 Part 1 Required 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Mineapolis break-even points