Required information. SB Exercise 7-16 through Exercise 7-17 (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: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company $ 490,500 10 Chicago $163,500 100% 245,250 sex 49,050 30% 245,250 sex 114,450 Minneapolis $327,000 196,200 130,800 40% 100% 60% 137,340 28% 107,910 22% 14% 68,670 85,020 $29,430 52% 18% 52,320 $78,480 16% 24% $ 39,240 8% Exercise 7-17 (Algo) Working with a Segmented Income Statement [LO7-4] Assume that Minneapolis' sales by major market are: