[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 officesone 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 below: Office $ $ Total Company 937,500 100.0 % 506,250 54.0 % 431,250 46.0 % 210,000 22.4 % 221,250 23.6 % Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Chicago 187,500 56,250 131,250 97,500 33,750 100 % 30 % 70 % 52 % Minneapolis 750,000 100 % 450,000 60 % 300,000 40 % 112,500 15 % 187,500 25 % $ 18 % $ 16.0 % 150,000 71,250 $ 7.6 % Required: 1-a. Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole dollar amount.) Break-even point in dollar sales 1-b. Compute the break-even point in sales dollars for the Chicago office and for the Minneapolis office. (Round "CM ratio" to 2 decimal places and final answers to the nearest whole dollar amount.) Break-even Point Dollar sales Chicago office 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? Greater than Less than Equal to 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $93,750 per year? Assume no change in cost behavior patterns. Net operating income increase 3. Refer to the original data. Assume that sales in Chicago increase by $62,500 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented contribution format income statement for the company. (Do not round your intermediate percentage answers and round your final percentage answers to 1 decimal place (i.e. .1234 should be entered as 12.3). Segments Total Company Chicago Minneapolis Amount % Amount % Amount %