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(The following information applies to the questions displayed below.) Raner, Harris & Chan Is a consulting firm that specializes in Information systems for medical and

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(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 Minneapolls. The firm classifies the direct costs of consulting Jobs as varlable 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 Met operating Income Total Company $ 492,000 1000 253,000 500 239,000 500 131,600 280 107, 400 22 70,000 14 $ 37,400 office Chicago Minneapol $ 171,000 1000 $ 321,000 59,000 301 192,600 604 112,000 701 128,400 400 80.800 520 $1,360 168 $ 31,200 186 $ 77,040 240 3. Assume that sales in Chicago Increase by $57,000 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 (.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Chicago Total Company Amount % Segments Minneapolis Amount Amount % % 0 0.0 0 0.0 0 0.0 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fed expenses not traceable lo segments Net operating income 0 0.00 $ 0 0.0 $ 0 0.0 $ 0 0.0

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