Calculate revenue and spending variances in the income statement for each account for each quarter of Year 2. Compare the budgeted results calculated in Part 1 to the actual results provided in Part 2. Determine the amount of the variance and also state if it is favorable (F) or unfavorable (U). Write a business memo that discusses a different variance (favorable or unfavorable) in each of the four quarters analyzed. Be creative and provide a detailed explanation of what could have caused the variance. You can make suggestions on what to do in the future to either repeat it or reduce it.