! Required information SB Exercise 4-16 through Exercise 4-17 (Algo) [The following information applies to the questions displayed below.] 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 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 Minneapolis Sales $ 531,000 100.00% $ 177,000 100.00% $ 354,000 100.00% Variable expenses 265,500 50.00% Contribution margin 265,500 50.00% 53,100 123,900 30.00% 212,400 60.00% 70.00% 141,600 40.00% Traceable fixed expenses 148,680 28.00% 92,040 52.00% 56,640 16.00% Office segment margin 116,820 22.00% $ 31,860 18.00% $ 84,960 24.00% Common fixed expenses not traceable to offices 74,340 14.00% Net operating income $ 42,480 8.00% Exercise 4-16 Part 1 (Algo) Working with a Segmented Income Statement; Break-Even Analysis [LO4-4, LO4-5] 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. Req 1A Req 1B Req 1C Compute the companywide break-even point in dollar sales. Note: Round your final answer to the nearest whole number. Break-even point in dollar sales Show less Req 1A Req 1B Req 1C Compute the break-even point for the Chicago office and for the Minneapolis office. Note: Round your final answer to the nearest whole number. Break-even Point Chicago office Minneapolis office Req 1A Req 1B Req 1C Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points? Greater than Less than Equal to