Concord Company accumulates the following summary data for the year ending December 31, 2022, for its Water Division, which it operates as a profit center: sales $2,280,000 budget, $2,371,200 actual; variable costs $1,140,000 budget, $1,197,000 actual; and controllable fixed costs $342,000 budget, $347,700 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2022. CONCORD COMPANY Water Division Responsibility Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual $ $ $ $