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 $ 975,000 100.0 526,500 54.99 448,500 46.89 218,400 22.4% 230, 100 23.6% 156,000 16.0 $ 74,100 7.6% Office Chicago Minneapolis $ 195,000 100% $ 780,000 100% 58,500 30% 468,000 60% 136,500 70% 312,000 40% 101,400 52% 117,000 15% $ 35, 100 189 $ 195,000 25% Required: 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than or equal to the sum of the Chicago and Minneapolis break-even points? Complete this question by entering your answers in the tabs below. 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: Office Total Company Chicago Minneapolis Sales $ 975,000 100.0% $ 195,000 100% $ 780,000 100% Variable expenses 526,500 54.0% 58,500 304 468,000 60% Contribution margin 448,500 46.8% 136,500 70% 312,000 40% Traceable fixed expenses 218,400 22.4% 101,400 524 117,000 15% Office segment margin 230,100 23.6% $ 35, 100 18% $ 195,000 25% Common fixed expenses not traceable to offices 156,000 16.0% Net operating income $ 74,100 7.6% 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $97,500 per year? Assum no change in cost behavior patterns. Not operating income increase