Required intormation [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 54.0% 448,500 46.0% 218,400 22.4% 230,100 23.64 156,000 16.08 $ 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 18% $ 195,000 25% 3. Assume that sales in Chicago increase by $65,000 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 (i.e. 0.1234 should be entered as 12.3).) Total Company % Chicago Amount 100.00 $ 260,000 Amount $ 1,040,000 % Segments Minneapolis Amount % 100.0 $ 780,000 468,000 100.0 312,000 117,000 100.0 $ 195,000 100.0 60.0 40.0 1,040,000 100.0 260,000 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 15.0 1,040,000 100.0 $ 260,000 25.0 | $ 1,040,000 100.0