Required information Exercise 4-16 (Algo) Working with a Segmented Income Statement; Break-Even Analysis [LO4-4, LO4-5] [The following information applies to the questions displayed below] Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The rm has two ofcesone in Chicago and one in Minneapolis. The rm classies the direct costs of consultingjobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: office Total Company Chicago Minneapolis Sales $ 825,000 100.0% $ 165,000 100% $ 660,000 100% Variable expenses 445,500 54.0% 49,500 30% 396,000 60% Contribution margin 379,500 46.0% 115,500 70% 264,000 40% Traceable fixed expenses 184,800 22 4% 85,800 52% 99,000 15% Office segment margin 194,700 23.6% $ 29,700 18% $ 165,000 25% Common fixed expenses not traceable to offices 132,000 16.0% Net operating income $ 62,700 7.6% [ 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 Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answers to the nearest whole dollar amount.) 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 answers to the nearest whole dollar amount.) Break-even Point Chicago office Minneapolis office