Exchange Corp. is a company that acts as a facilitator in tax-favored real estate swaps. Such swaps, know as 1031 exchanges, permit participants to avoid some or all of the capital gains taxes that would otherwise be due. The bookkeeper for the company has been asked to prepare a report for the company to help its owner/manager analyze performance. The first such report appears below: Exchange Corp Analysis of Revenues and Costs For the Month Ended May 31 Planning Budget Unit Revenues and Costs Actual Unit Revenues and Costs Variances Exchanges completed 44 50 Revenue $408 $398 $10 U Expenses: Legal and search fees 149 191 42 U Office expenses 141 106 35 F Equipment depreciation 11 9.68 1.32 F Rent 54 47.52 6.48 F Insurance 7 6.16 0.84 F Total expense 362 360.36 1.64 F Net operating income $46 $37.64 $8.36 F Note that the revenues and costs in the above report are unit revenues and costs. For example, the average office expense is $141 per exchange completed on the planning budget; whereas, the average actual office expense is $106 per exchange completed. Legal and search fees is a variable cost; office expenses is a mixed cost; and equipment depreciation, rent, and insurance are fixed costs. In the planning budget, the fixed component of office expenses was $4,100. All of the company's revenues come from fees collected when an exchange is completed. Prepare a performance report that would help the owner/manager assess the performance of the company in May. (Do not round the intermediate answers. Round your final answers to the nearest dollar amount. To compute Spending Variances, round your "actual results answers" to the nearest dollar amount