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 $ 862,500 100.0% 465,750 54.9% 396,750 46.6% 193,280 22.4% 203,550 23.6% 138,00 16.0% $ 65,550 7.6% Office Chicago Minneapolis $ 172,500 100% $ 690,000 100% 51,750 30% 414,80 60% 129,750 70% 276, eee 40% 89,789 52% 103,500 15% $ 31,050 18% $ 172, see 25% Exercise 7-16 Part 2 2. Assume that sales in Chicago Increase by $57,500 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 (I.e. 0.1234 should be entered as 12.3).) Segments Chicago Minneapolis Total Company Amount % Amount % Amount %