Required information of 4 SB Exercise 7-16 through Exercise 7-17 (Algo) [The following information applies to the questions displayed below.] bok Raner, Harris and 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 Minneapolls. 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 Sales $ 468,000 ences Variable expenses 100% 234,000 50% $156,000 100% Minneapolis $ 312,000 100% 46,500 30% 187,200 60% Contribution margin Traceable fixed expenses 234,000 50% 131,040 2% 100,200 70% 124,000 40% 81,128 52% 49,920 16% office segment margin 102,960 22% $ 28,000 18% $ 74,880 24% Common fixed expenses not traceable to offices: Net operating Incone 65,520 $37,440 14% 106 Exercise 7-16 Part 3 (Algo) Working with a Segmented Income Statement; Break-Even Analysis (LO7-4, L07-5]