help

2 of 2 Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (LO7-4, 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 Book Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating Income Files Total Company $787,500 100.0% 425, 250 362,250 46.05 176.400 22.45 185,050 23.6 126.000 16.06 $ 59,850 7.6% Office Chica Minnapolis $ 157,50 100% $630,000 tex 47,250 3ex 378.000 sex 110,25 245 252.00 81.900 52% ISE $ 20.350 $ 157,500 25 Print eferences Exercise 7-16 Part 2 2 Assume that sales in Chicago increase by $52,500 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 f.e. 0.1234 should be entered os 12.3).) Segments Total Company Atout % Chicago Amount Minneapolis Anurt 0.0 0 00 D 00 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments 0 00 0 0.00 $ 005 $ 0.0