Advent Manufacturing Company accumulates the following summary data for the year ended December 31, 2022, for its water division. The division operates as a profit centre: sales—$2 million budgeted, $2,080,000 actual; variable costs—$1 million budgeted, $1,060,000 actual; and controllable fixed costs—$300,000 budgeted, $305,000 actual. Prepare a responsibility report for the water division.