Check my work 3 Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis [L07-4, LO7-5] Part 3 of 3 [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 1.66 points given: Office Minneapolis Total Company Chicago 1008 100B eBook 222, 750 24.750 Variable expenses 54.08 30% 198.000 40 Contribution margin 46.0 57,750 42,900 132,000 189,750 92,400 70% Traceable fixed expenses 22.4 528 49,500 158 $ 14,850 office segment margin 18t $82,500 25% 97,350 23.6 Print Common fixed expenses not traceable to offices 66,000 16.08 $31,350 Net operating income 7.6% References Exercise 7-16 Part 3 3. Assume that sales in Chicago increase by $27,500 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).) Part 3 of 3 Exercise 7-16 Part 3 1.66 Chicago increase by $27,500 next year and that sales in Minneapolis remain unchanged. Assume no change in 3. Assume that sales points 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).) eBook Segments Total Company Chicago Minneapolis Print Amount % Amount Amount % References