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: Office Total Company Chicago Minneapolis Sales $ 508,500 Variable expenses 254,250 100.00% 50.00% $ 169,500 Contribution margin 254,250 50.00% Traceable fixed expenses 142,380 Office segment margin. 111,870 28.00% 22.00% 50,850 118,650 88,140 100.00% 30.00% $ 339,000 100.00% 203,400 60.00% 70.00% 135,600 40.00% 52.00% 54,240 16.00% $ 30,510 18.00% $ 81,360 24.00% Common fixed expenses not traceable to offices 71,190 Net operating income $ 40,680 14.00% 8.00% Exercise 6-16 Part 1 (Algo) Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] 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 1B Req 1C Show less Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole number.) Break-even point in dollar sales Req 1A Req 1B Req 1C Compute the break-even point for the Chicago office and for the Minneapolis office. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole number.) Chicago office Minneapolis office Break-even Point Req 1A Req 1B Req 1C Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points? Greater than Less than Equal to Required information SB Exercise 6-16 through Exercise 6-17 (Algo) [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: Office Total Company Chicago Minneapolis Sales $ 508,500 Variable expenses 254,250 Contribution margin 254,250 100.00% 50.00% 50.00% $ 169,500 50,850 118,650 100.00% 30.00% $ 339,000 203,400 100.00% 60.00% 70.00% 135,600 40.00% Traceable fixed expenses 142,380 28.00% 88,140 52.00% 54,240 16.00% Office segment margin 111,870 22.00% $ 30,510 18.00% $ 81,360 24.00% Common fixed expenses not traceable to offices 71,190 Net operating income $ 40,680 14.00% 8.00% Exercise 6-16 Part 2 (Algo) Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $84,750 per year? Assume no change in cost behavior patterns. Net operating income increase