Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $167,710 budgeted expenses include $114,210 in variable expenses for desks and $16,500 in variable expenses for chairs, as well as $37,000 of fixed expenses. Actual fixed expenses total $38,800. Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) BUSINESS SOLUTIONS Flexible Budget Performance Report \begin{tabular}{|c|c|c|c|c|} \hline For Quarter Ended June 30 & Flexible Budget & Actual Results & Varlance & Favorable/Unfavorable \\ \hline Desk sales & 191,100 & 191,100 & & \\ \hline Chair sales & 35,280 & 35,280 & & \\ \hline Variable expenses & 137,970 & 137,970 & & \\ \hline Contribution margin & & 88,410 & & \\ \hline Fixed expenses & & 37,000 & & \\ \hline Income & & $51,410 & & \\ \hline \end{tabular}