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Required information (The following information applies to the questions displayed below.) Raner, Harris & Chan is a consulting firm that specializes in information systems for

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Required information (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: Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 600.000 100.03 1324.000 54.ON 276,000 1160 134.400 22.45 141,600 23.68 196.000 16.08 $ 45.600 7.68 Office Chicago Minneapolis $ 120.000 100 $ 480.000 1000 36,000 300 288.000 608 84,000 700 192,000 400 62,400 52 72,000 158 $ 21,600 188 $ 120.000 258 3. Assume that sales in Chicago increase by $40,000 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 (ie. 0.1234 should be entered as 12.3).) Total Company Amount %3 Chicago Amount Segments Minneapolis Amount % % 0 0 0. 0 0.0 0 0.0 $ 0 00 SO $ 0

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