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Required information The following information applies to the questions displayed below.) Raner, Horris & 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, Horris & 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 $ 504,000 100.000 $ 168,000 100.00 $ 336,000 100.00% Variable expenses 252,000 50.00 50,400 30.00 201,600 60.004 Contribution margin 252,000 50.005 117,600 70.00 134,400 40.000 Traceable fixed expenses 141, 120 28.00% 87, 360 52.00% 53,760 16.00 office segment margin 110,880 22.00 $ 30,240 18.00 $ 80,640 24.00 Common fixed expenses not traceable to offices 70,560 14.00 Net operating income $ 40,320 8.00 3. Assume that sales in Chicago increase by $56,000 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 intermediate calculations and percentage answers to 1 decimal place (l.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) 3. Assume that sales in Chicago increase by $56,000 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 intermediate calculations and percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar)) Segments Total Company Chicago Minneapolis Amount % Amount % Amount % 0.0 0 0 0 0.0 0.0 0.0 $ 0 0 0 0,0 $ 0.0 $ 0 0.0

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