Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5] (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 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 Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 525,000 100.0% 283,500 54.0% 241,500 46.08 117,600 22.4% 123,900 23.6% 84,000 16.08 $ 39,900 7.6% Office Chicago Minneapolis $ 105,000 100% $ 420,000 100% 31,500 30% 252,000 60% 73,500 70% 168,000 40% 54,600 52% 63,000 15% $ 18,900 18$ $ 105,000 25% Exercise 6-16 Part 1 Required: 1-a. Compute the companywide break-even point in dollar sales. 7-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 noints? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 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 Reg 1A Req 1B > Complete this question by entering your answers in the tabs below. 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 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 -------- Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points? O Greater than O Less than O Equal to