Required information SB Exercise 7-16 through Exercise 7-17 (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 Minneapolis Sales $ 450, 000 1001 $ 150, 000 1008 $ 300 , 000 100 Variable expenses 225,000 508 45,000 308 180 , 000 608 Contribution margin 225, 000 504 105, 000 70% 120, 000 408 Traceable fixed expenses 126, 000 283 78, 000 528 48, 000 163 Office segment margin 99,000 228 $ 27,000 18 $ 72, 000 243 Common fixed expenses not traceable to offices 63, 000 148 Net operating income $ 36,000 Exercise 7-16 Part 1 (Static) Working with a Segmented Income Statement; Break-Even Analysis [LO7-4, LO7-5] 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. Show less A Req 1A Req 1B Req 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places.) Break-even point in dollar sales Req iA Req 1B >