SB Exercise 7-16 through Exercise 7-17 (Algo) [The following information applies to the questions displayed below.] Raner, Harris and 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: Office Total Company $472,500 100% 236,250 50% 236,250 508 132,300 288 103,950 228 66,150 148 Chicago $ 157,500 100% 47,250 308 110,250 70% 81,900. $ 28,350 188 $ 37,800 8% 52% Minneapolis $ 315,000 100% 189,000 60% 126,000 408 50,400 168 $ 75,600 248