B & G , The firm has two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulti

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B & G , The firm has two offices—one in Chicago and one inMinneapolis. The firm classifies the direct costs of consultingjobs as variable costs. A contribution format segmented incomestatement for the company’s most recent year is given: TotalCompany Office Chicago Minneapolis Sales $ 531,000 100.00% $177,000 100.00% $ 354,000 100.00% Variable expenses 265,500 50.00%53,100 30.00% 212,400 60.00% Contribution margin 265,500 50.00%123,900 70.00% 141,600 40.00% Traceable fixed expenses 148,68028.00% 92,040 52.00% 56,640 16.00% Office segment margin 116,82022.00% $ 31,860 18.00% $ 84,960 24.00% Common fixed expenses nottraceable to offices 74,340 14.00% Net operating income $ 42,4808.00% 3. Assume that sales in Chicago increase by $59,000next year and that sales in Minneapolis remain unchanged. Assume nochange in fixed costs. a. Prepare a new segmented income statementfor the company. (Round your intermediate calculations andpercentage answers to 1 decimal place (i.e. 0.1234 should beentered as 12.3 and other answers to the nearest wholedollar.))