Part 2. Income Statement and Analysis Assume I.M. Farmer has an accounting period running from January 1 to December 31. The following information was summarized in an income statement for the calendar year 2019 accounting period. Your task is to classify each expense as either a fixed or variable cost, indicating your answer in blank provided. Refer to Chapter 12 of your text for help. Feed Purchases, $21,200 26. Feeder Livestock purchased, $46,500 27. Vet & Health Expense, $4,800 28 Seed Purchased, $6,410 29. Fertilizer, $9,400 30. Chemical Expenses, $9,780 31. Fuel Expense, $5,800 32 Labor Hired, $22,600 33 Repairs, $12, 100 34 Supplies, $4,800 35 Miscellaneous Expenses, $5,800 36. Property Taxes, $3,400 37 Insurance, $3,800 38. Interest Paid, $33,400 39. Depreciation, $28,900 40