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: Office Total Company Chicago Minneapolis Sales $450,000 100% $ 150,000 100% $ 300,000 100% Variable expenses 225,000 50% 45,000 30% 180,000 608 Contribution margin 225,000 50% 105,000 70% 120,000 40 Traceable fixed expenses 126,000 28 78,000 528 48,000 169 Office segment margin 99,000 228 $ 27,000 18% $ 72,000 248 Common fixed expenses not traceable to offices. Net operating income 63,000 14 $ 36,000 89 Exercise 6-16 Part 3 (Static) Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] 3. Assume that sales in Chicago increase by $50,000 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 (i.e. 0.1234 should be entered as 12.3).)