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 expensen office segment margin Comnon fixed expenses not traceable to offices Net operating income Total Company $ 450,000 1008 225,000 508 225,000 508 126.000 28 99,000 225 63,000 141 S 36,000 88 office Chicago Minneapolis $ 150,000 1000 $ 300,000 1008 45,000 304 180,000 604 105,000 700 120,000 400 78,000 528 48.000 168 $ 27,000 181 $ 72,000 241 3. Assume that sales in Chicago increase by $50,000 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 (le. 0.1234 should be entered as 12.3).) Segments Net operating income 5 36,000 88 3. Assume that sales in Chicago increase by $50,000 next year and that sales in Minneapolis remain unchanged. Assume no chang 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 Chicago Minneapolis Total Company Amount X Amount % Amount 0 0.0 0 0.0 0 0.0 0 0 0.0 $ 0 0.00 $ 0.0 $ 0 0.0