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Having trouble with this one, thanks for your time. Required information (The following information applies to the questions displayed below.] Raner, Harris & Chan is

image text in transcribedimage text in transcribedimage text in transcribedHaving trouble with this one, thanks for your time.

Required information (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 $ 501,000 100% 259,000 50% 242,000 50% 132,800 28% 109,200 22% 71,500 14% $ 37,700 8% Office Chicago Minneapolis $ 175,500 100% $ 325,500 1% 62,000 30% 195,300 60% 113,500 70% 130, 200 40% 81,400 52% 52,080 16% $ 32,100 18% $ 78,120 24% 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $83,500 per year? Assume no change in cost behavior patterns. Net operating income increase 3. Assume that sales in Chicago increase by $58,500 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 intermediate calculations and percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Segments Total Company Chicago Minneapolis Amount % Amount % Amount % 0 0.0 0 0.0 0 0.0 0 0.0 $ 0 0.0 $ 0 0.0 $ 0 0.0

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