Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (L07-4, 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 Total Company Chicago Minneapolis Sales 5 525,880 100.ex $ 105,000 100% $ 420,000 100% Variable expenses 283,500 54.ex 31,500 30% 252,089 60% Contribution margin 241,500 46.0% 73,500 7ex 168, oee 40% 117,600 Traceable fixed expenses 22.4% 54,600 52% 15% 63,080 Office sepment margin 123,900 23.6% $ 18,900 18% $ 105,000 25% Common Fixed expenses not traceable to offices 84,000 16.ex Net operating income $ 39,900 7.6% Exercise 7-16 Part 1 Required: 10. Compute the companywide break-even point in doller sales, 1.5. Compute the break-even point for the Chicago office and for the Minneapolis office 1-c. Is the companywide break-even point greater than less than or equal to the sum of the Chicago and Minneapolis break-even points