Required information SB Exercise 6-16 through Exercise 6-17 (Algo) [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 Minneapolis Sales $ 464,000 Variable expenses 231,300 100% 50% $157,000 100% $307,000 100% 47,100 Contribution margin 232,700 50% 109,900 Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating Income 130,760 101,940 22 64,960 14% 28% #1,640 28,260 30% 70% 52 106 184,200 60% 122,800 40% 49,120 168 $ 73,680 249 $36,900 B Exercise 6-17 (Algo) Working with a Segmented Income Statement [LO6-4] Assume that Minneapolis' sales by major market are: