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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 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 segnent margin Common fixed expenses not traceable to offices Net operating income Total Company $1,012,500 100.ex 546,750 54.0% 465,750 46.6% 226,800 22.4% 238,950 23.6% 162,000 16.ex $ 76,95 7.6% Office Chicago Minneapolis $ 202,500 100% $ 810,000 100% 60,750 30% 486.eee 6ex 141,750 70% 324,000 40% 105,300 52% 121,500 15% $ 36,450 18% $ 202,500 25% 3. Assume that sales in Chicago increase by $67,500 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 Amount % Chicago Segments Minneapolis Amount Amount %

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