Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis [LO7-4, LO7-5] [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 Chicago $675,000 100.08 $135,000 100% $540,000 1008 40,500 Total Company Minneapolis Sales 324,000 216,000 30% Variable expenses Contribution margin Traceable fixed expenses 364,500 54.0% 60% 708 46.0% 94,500 70,200 310,500 151,200 22.4% 40% 52% 15% 81,000 159,300 23.6% $24,300 18% $135,000 25% Office segment margin Common fixed expenses not traceable to offices 108,000 16.0% 51,300o 7.6% Net operating income Exercise 7-16 Part 3 3. Assume that sales in Chicago increase by $45,000 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs E 7-T6 Part 3 xercise 3. Assume that sales in Chicago increase by $45,000 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Segments Total Company Chicago Minneapolis Amount Amount Amount