Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (L07-4, LO7-5) [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 Minneapoli Sales $ 600,000 100.00 $ 120,000 1000 $ 480,000 1000 Variable expensen 324,000 54.00 36,000 305 288,000 600 Contribution margin 276,000 46.00 84,000 701 192,000 Traceable fixed expenses 134,400 22.41 62,400 72,000 office segment margin 141,600 23.61 $ 21,600 189 $ 120,000 258 Connon fixed expenses not traceable to offices 96.000 16.00 Net operating income $ 45,600 401 150 520 Exercise 7-16 Part 1 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. REGIA Reg 1B Reg 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