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O Required information {The following information applies to the questions displayed below) Raner, Harris & Chan is a consulting firm that specializes in information systems

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O 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 $ 502,000 1005 259,000 500 242,000 500 132,800 280 109,200 220 71,500 141 $ 37,700 81 Office Chicago Minneapolis $ 175,500 1005 $325,500 16 62,000 300 195,300 601 113,500 700 130,200 401 81,400 520 52,080 168 $ 32,100 188 $ 70,120 245 3. Assume that sales in Chicago increase by $58,500 next year and that sales in Minneapolls 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 (l.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Total Company Amount % Segments Chicago Minneapolis Amount % Amount - 34,LVU Ottice segment margin Common fixed expenses not traceable to offices Het operating income 109,200 71,500 $ 37,700 22 145 88 3. Assume that sales in Chicago increase by $58,500 next year and that sales in Minneapolls remain unchanged. Assume no change en fixed costs Prepare a new segmented Income statement for the company. (Round your intermediate calculations and percentage answers to decimal place (1.0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Total Company Amount % Chicago Amount Segments Minneapolis Amount %

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