Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (L07-4, L07-5) [The following information applies to the questions displayed below) Raner, Harris & Chon is a consulting firm that specializes in information systems for medical and dental clinics. The firm hos 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: 603 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Het operating income Total Company $ 600,000 100.ex 324,000 276,000 46.02 134,400 22.44 141,600 23.6% 96,000 16.0% $ 45,600 7.6% office Chicaco Minneapolis $ 120,000 100% $ 480,000 100% 36,000 3 288,000 84,000 703 192,000 40 62,400 52% 72,000 TSY $ 21,600 18% $ 120,000 25% Euroleo 7.16 Dart 3 3. Assume that soles in Chicago increase by $40,000 next year and that sales in Minneapolis remain unchanged. Assume no change In fixed costs 3 a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.3).) Chicago Total Company Amount % Segments Minneapolis Amount Amount %