Case 1. Below are Baxter Company's flexible budget data for two levels of activity. These budgets were prepared prior to the start of the accounting period. The far right column contains the actual results for the period. Actual Results Budget Revenue $ 600,000 $ 800,000 $750,000 Salaries Depreciation-building Rent for equipment Utilities Property taxes Linen service Supplies $ 228,000 108,000 40,000 46,000 26,000 92,000 50,000 $ 590,000 $ 10,000 $ 248,000 108,000 44,000 56,000 26,000 122,000 66,000 $ 670,000 $ 130,000 $ 246,000 108,000 47,000 64,000 25,000 112,000 58,000 $ 660,000 $ 90,000 Net income Required: Prepare a flexible budget performance report for the actual level of activity