6 Part 1 of 2 125 points Required information SB Exercise 7-16 through Exercise 7-17 (Static) [The following information applies to the questions displayed below] Raner, Harris and 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 Sales Pr Variable expenses Contribution margin Total Company 450,000 100% 325,000 506 225,000 501 Traceable fixed expenses 126,000 205 office segment margin Common fixed expenses not traceable to office Net operating income 99,000 229 63,000 249 36,000 Chicago 150,000 100% 45,000 30% 105,000 70% 78,000 524 $27,000 185 Minneapolis 300,000 100% 100,000 60% 120,000 40% 48,000 72,000 244 " Mc Mill Exercise 7-16 Part 2 (Static) Working with a Segmented Income Statement; Break-Even Analysis (LO7-4. L07-5] 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $75,000 per year? Assume no change in cost behavior patterns. Net operating incom Check my work