Nikola Incorporated Flexible Budget Performance Report For the Year Ended July 31, 2019 Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income 118,750 444,500 145,000 299.500 164,000 135,500 125.000 447,000 150,000 297,000 145,520 151,480 a. Complete the performance report for Nikola Incorporated. b. Comment on Nikola Incorporated. Extra Credit: There is a traffic light at the top of a hill. Cars cannot see the light until they are 200 feet from the light. The cycle of the traffic light is 30 seconds green, 5 seconds yellow, and 20 seconds red. A care is travelling 45 miles per hour up the hill. What is the probability that the light will be yellow when the driver first crests the hill and that if the driver continues through the intersection at her present speed that she will run a red light