Required information Exercise 6-16 Working with a Segmented Income Statement: Break-Even Analysis (LOG-4, L06-5) 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: Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company Chicago Minneapolis $862,500 100.00 $172,500 1001 $690,000 1001 465,750 54.08 51,750 300 414,000 600 396,750 46.00 120, 750 701 276.000 401 193,200 22.41 89,700 521 103,500 151 203,550 23.66 $ 31,050 185 $172,500 251 138,000 16.08 Exercise 6-16 Part 3 3. Assume that sales in Chicago increase by $57,500 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 (.e. 0.1234 should be entered as 12.3).) Total Company Amount % Segments Chicago Minneapolis Amount % Amount %