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8 Exercise 6-16 Part 3 Perto 125 poi 3. Assume that sales in Chicago increase by $45.000 next year and that sales in Minneapolis remain unchanged. Assume no change in foed costs 2. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (ie. 01234 should be entered as 12,3) Sale Variable expenses Contribution margin Tracebidapenses Ofic segment margin Common food expenses no traceable to segments Net operating income OOOOOO Answer is complete but not entirely correct Segments Total Company Chicago Minneapolis Amount Amoun Amount S720.000 100.0 5 180 000 1000 $540,000 1000 388.000 509 154.000) 300 324,000 500 332 000 46.1 125.000 700 216.000 400 151.200 21.01 (70200) 390 81,000 150 25.1 $ 55.800 310 $ 135,000 250 (100.000) 1500 s 72.800 10.1 180.00 ME 8 8 30 Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (L06-4, LO6-5) 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: office Total Company Chicago Minneapolis Sales $ 675,000 100.0 $ 135,000 1001 $540,000 1001 Variable expenses 364,500 54.00 40.500 30N Contribution margin 310,500 46.6% 94,500 703 216,000 4es Traceable fixed expenses 151,200 22.45 70,200 525 81.000 154 Office segment margin 159,300 23.61 $ 24,300 18 $ 135,000 Common fixed expenses not traceable to offices 185.000 16.eu Net operating income $ 51,300 7.61 324,000 604 25 Exercise 6-16 Part 3 3. Assume that sales in Chicago increase by $45,000 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 (le. 0.1234 should be entered as 12.3).) OD Dre Next