Alexander Image/Shutterstock SP 21 Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,000. Prepare a flexible budget performance report that shows variances between budgeted results and actual results. List fixed and variable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) Chair sales (in units) 144 150 72 80 Desk sales $180,000 $186,000 $6,000 F Chair sales Total expenses 36,000 156,000 41,200 163,880 5,200 F 7,880 U Income $ 60,000 $ 63,320 $3,320 F Check Variances: Fixed expenses, $1,000 U