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: Office Total Company Chicago Minneapolis Sales $ 787,500 Variable expenses Contribution margin 425,250 100.0% 54.0% Traceable fixed expenses Office segment margin 362,250 46.0% 176,400 22.4% 185,850 23.6% $ 28,350 $ 157,500 100% $ 630,000 47,250 378,000 110,250 81,900 100% 30% 70% 60% 252,000 40% 52% 18% 94,500 15% $ 157,500 25% Common fixed expenses not traceable to offices. Net operating income 126,000 16.0% $ 59,850 7.6% 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? 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $78,750 per year? Assume no change in cost behavior patterns. 3. Assume that sales in Chicago increase by $52,500 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).) Segments Total Company Chicago Minneapolis Amount % Amount % Amount %