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: Salen Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company Chicago Minneapolis $ 468,000 100.00% 234,000 50.00% $ 156,000 46,800 100.00% 30.00 $ 312,000 187,200 100.00% 60.00% 234,000 50.00% 131,040 28.00% 109,200 81,120 70.00% 124,800 40.00% 52.00% 49,920 16.00% 102,960 22.00% $ 28,080 18.00 $ 74,880 24.009 65,520 14.00% $ 37,440 8.00% Assume that Minneapolis' sales by major market are: Market Minneapolis Medical Dental Sales Variable expenses $ 312,000 100.00% $ 200,000 100.00% $ 104,000 187,200 60.00% 133,120 64.00% 54,080 100.00% 52.00% Contribution margin 124,800 40.00% 74,880 36.00% 49,920 48.00% Traceable fixed expenses 34,320 11.00 12,480 6.00% 21,540 21.00 Market segment margin 90,480 29.00 $ 62,400 30.00 $28,080 27.00% Common fixed expenses not traceable to markets 15,600 5.00% office segment margin $74,800 24.00%