Required informatio 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 Total Company Chicago Minneapolis Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income $1,012,500 100.0% $202,500 1008 $810,000 1008 546,750 54 465,750 308 708 52% 18% 46.0% 22.4% 10.750 141,750 41,750 105,300 m,000 324,000 60% 40% 226,800 238,950 23.6% $36,450 162,000 121,500 $202,500 15% 25% 16.0% 7.6% $76,950