07 HW Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,000 units. The following variances were observed: Actual Results Variances Units Sales $150,000 $25,000 Favorable Variable Expenses 71,800 11,800 Unfavorable Fixed Expenses 75,300 300 Unfavorable Net Income (loss) $2,900 $12,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,000 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units Sales Variable Expenses Fixed Expenses Net Income (Loss)