Required information SB Exercise 6-16 through Exercise 6-17 (Static) [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 Sales $450,000 100% $ 150,000 100% Minneapolis $ 300,000 100% Variable expenses 225,000 50% 45,000 30% 180,000 60% Contribution margin 225,000 50% 105,000 70% 120,000 40% Traceable fixed expenses 126,000 28 78,000 52 48,000 164 office segment margin 99,000 221 $27,000 18 $ 72,000 248 Common fixed expenses not traceable to offices 63,000 14% Net operating income $ 36,000 BN Exercise 6-16 Part 3 (Static) Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] 3. Assume that sales in Chicago increase by $50,000 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 (i.e. 0.1234 should be entered as 12.3).) Seaments