Required information [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 Sales Variable expenses Contribution margin Traceable fixed expenses Office segnent margin Common fixed expenses not traceable to offices Net operating income Assume that Minneapolis' sales by major market are: Total Company $ 468,000 Chicago 100% 234,000 50% $ 156,000 46,800 30% 100% Minneapolis $ 312,000 100% 187,200 60% 234,000 50% 131,040 28% 102,960 22% 65,520 14% $ 37,440 8% 109,200 70% 81,120 52% $ 28,080 18% 124,800 40% 49,920 16% $ 74,880 24% Market Minneapolis $ 112,000 100% 187,200 60% 124,800 40% 34,320 11% 90,480 29% 15,600 5% Medical $208,000 100% Dental 133,120 64% 74,880 36% $ 104,000 100% 54,080 49,920 48% 52% $ 62,400 12,480 6% 30% 21,840 21% $ 28,000 27% Sales Variable expenses Contribution margin. Traceable fixed expenses Office segnent margin Common fixed expenses not traceable to offices Net operating income $ 74,880 24%