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Require Information (The following information applies to the questions displayed below.) Raner, Harris and Chan is a consulting firm that specializes in information systems for

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Require Information (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 officesone 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 $ 499,500 100.00% 249,750 50.00% 249,750 50.00% 139,860 28.00% 109,890 22.00% Office Chicago Minneapolis $ 166,500 100.00% $ 333,000 100.00% 49,950 30.00% 199,800 60.00% 116,550 70.00% 133,200 40.00% 86,580 52.00% 53,280 16.00% $ 29,970 18.00% $ 79,920 24.00% 69,930 $ 39,960 14.00% 8.00% 3. Assume that sales in Chicago increase by $55,500 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 intermediate calculations and percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Segments Total Company Chicago Minneapolis Amount % Amount % Amount % 0 0.0 0 0.0 0 0.0 O 0.0 $ 0 0.0 $ 0 0.0 $ 0 0.0

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