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 & 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 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $637.See 100.ex 344,25e 54.ex 293, 25e 46.ex 142,800 22.45 152,45e 23.6% 1e2,eee 16.ex $ 48,45e 7.6% Office Chicago Minneapolis $ 127, see 1ees $ 510, eee 10ex 38,25e 38% 386,000 60s 89,25e 70% 284, eee 4ek 66,300 52% 76, See 15% $ 22,95e 18% $ 127,5ee 25% Exercise 7-16 Part 2 2. Assume that sales in Chicago Increase by $42,500 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 (1.e. 0.1234 should be entered as 12.3).) Segments Total Company Chicago Minneapolis Amount Amount Amount