Chapter 7: Homeworki Save & Exit Submit Saved Help Check my work 2 Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis [LO7-4, LO7-5] Part 2 of 3 (The following information applies to the questions displayed below. 1.66 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 points given: Office Chicago 82,500 Minneapolis Total Compny 412,500 eBook 100.0% 100% 100% Sales le expenses Contribution margin Traceable fixed expenses 189,750 46.09 57,750 70% 132,000 40% 92,400 22.4 42,900 528 49,500 15$ Print office segment margin S 14,850 18% $ 82,500 25% 97,350 23.6 Common fixed expenses not traceable to offices 66,000 16.0 $ 31,350 Net operating income 7.6% References Exercise 7-16 Part 2 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $41,250 per year? Assume no change in cost behavior patterns. Net operating income increase