cos 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: Sales Office Minneapolis 100% Total Company $450,000 100% Variable expenses Contribution margin Office segment margin 225,000 50% 225,000 50% Chicago $ 150,000 100% 45,000 30% $ 300,000 180,000 60% Traceable fixed expenses Common fixed expenses not traceable to offices Net operating income 126,000 28% 99,000 22% 63,000 14% 105,000 70% 78,000 52% $27,000 18% 120,000 40% 48,000 16% $ 72,000 24% $ 36,000 8% Exercise 7-16 Part 1 (Static) Working with a Segmented Income Statement; Break-Even Analysis [LO7-4, LO7-5] Required: 1-a. Compute the companywide break-even point in dollar sales. 1-b. 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? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Compute the companywide break-even point in dollar sales. Show less A