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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

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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 ortice segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 486,000 1001 243,000 501 243,000 SON 135,080 281 206,920 220 68,040 $.08,880 BU Office Chicago Minneapolis $ 168,000 1001 $ 318,000 100 50,400 300 190.000 501 117,600 700 127.200 401 82.360 524 50,880 268 $ 30,240 181 $ 75,320 245 3. Assume that sales in Chicago increase by $56,000 next year and that sales in Minneapolls remain unchanged. Assume no change in fixed costs 3. Prepare a new segmented income statement for the company. (Round your intermediate calculations and percentage answers to 1 decimal place (.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar)) a. Prepare a new segmented income statement for the company. (Round your intermediate calculations and percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.) Segments Total Company Amount % Minneapolis Chicago Amount 4 Amount %4 0 %. 0 0.0 0 Sales (Variable expenses Contribution margin Traceable foued expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 0.0 0 0.0 $ 0 0.01$ 0 0.0 0.0

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