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 Sales Variable expenses Total Company $495,000 100% Chicago $165,000 100% 247,500 50% Contribution margin 247,500 50% 49,500 30% 115,500 70% Minneapolis $330,000 100% 198,000 132,000 40% 60% Traceable fixed expenses 138,600 28% Office segment margin 108,900 22% 85.800 $29,700 52% 52,800 16% 18% $ 79,200 24% Common fixed expenses not traceable to offices 69,300 14% Net operating income $39,600 8% References Section Break 4. Award: 2.00 points SB Exercise 7-16 through Exercise 7-17 (Algo)