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 Office Total company Chicago 29,250 50,700 Minneapolis $487,500 100.08 $ 97,500 100% $390,000 1008 608 40% Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income 68,2500234,000 52% 263,250 54.0% 224,250 46.0% 109,200 22.4% 115,050 23.6% $17,550 18% $97,500 25% 30% 708 156,000 58,500 78,000 37,050 16.0% 7.6% Exercise 6-16 Part 3 3. Assume that sales in Chicago increase by $32,500 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 percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Exercise 6-16 Part 3 3. Assume that sales in Chicago increase by $32,500 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 percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Segments Chicago Total Company Minneapolis Amount Amount Amount Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 0.0 0.0 0.0 0.0 $ 0.0 0.0$ 0.0