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 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 750,000 100.0% $150,000 1008 $600,000 1008 105,000 70 177,000 23.6% $ 27,000 186 $150,000 25% 360,000608 405,000 54.0% 345,000 46.0% 168,000 22.4% 45,000 30% 240,000 40 78,000 52890,000 15 120,000 16.08 Net operating income $57,000 7.6% Exercise 6-16 Part 3