O Required information SB Exercise 7-16 through Exercise 7-17 (Static) [The following information applies to the questions displayed below) Raner, Harris and 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: 1001 Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 450,000 1000 225,000 500 225,000 500 126.000 288 99,000 220 63.000 140 5.36,000 80 office Chicago Minneapolis $ 150,000 1008 $ 300,000 45,000 300 180,000 601 105,000 701 120,000 400 70,000 520 48,000 160 $ 27,000 188 $ 72,000 240 Exercise 7-16 Part 1 (Static) Working with a Segmented Income Statement; Break-Even Analysis (L07-4, LO7-5) 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 Minneapolis break-even points