Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, L06-5] [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 below: Office Minneapolis Total Company 506,250 54.0% 431,250 46.0% Chicago Sales Variable expenses $ 937,500 100.0% $187,500 100% $750,000 100% 56,250 30% 450,000 60% Contribution margin Traceable fixed expenses 131,250 70% 300,000 40% 15% 210,000 22.4% 97,500 52% 112,500 Office segment margin 221,250 23.6% $ 33,750 18% $187,500 25% Common fixed expenses not traceable to offices 150,000 16.0% Net operating income 71,250 7.6% References Section Break Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5]