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 $ 1.012, 500 100.0% 546, 750 54.0% 465, 750 46. 0% 226, 800 22.4% 238,950 23.6% 162,000 16. 0% S 76,950 7.6% Chicago 2.500 60, 750 141, 750 105, 300 36, 450 Office Minneapolis 100% $ 810,000 100% 30% 486,000 60% 70% 324, 000 40% 52% 121,500 15% 18% $ 202,500 25% $ Exercise 7-16 Part 2 2. Assume that sales in Chicago increase by $67,500 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).) Total Company Amount Chicago Amount Segments Minneapolis Amount % %