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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 $ 459,000 100% 231,000 50x 228,000 50% 127,200 28% 100,800 22% 64,500 14% $36,300 BX Office Chicago Minneapolis $154,500 100% $ 304,500 1% 48.000 30% 182,700 60% 106,500 70% 121,800 40% 78,600 52% 48,720 16% $ 27.900 18% $ 73,050 24% 3. Assume that sales in Chicago increase by $51,500 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 intermediate calculations and percentage answers to 1 decimal place (.e. 0.1234 should be entered os 12.3 and other answers to the nearest whole dollar.) Segments Total Company Minneapolis Chicago Amount Amount % % Amount Sales S 510,500 100.0 S 304,500 100 0 100.0 S 206.000 64,000 100.0 142.000 31.1 600 510,500 68.9 400 Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 182,700 121,800 48,720 73,080 16.0 78,600 63,400 100.0 68.9 $ 24.0 510,500 64,500 446,000 $ 100.0

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