Question I Torres Company accumulates the following summary data for the year ending December 31, 2017, for its Water Division, which it operates as a profit center: sales-$1,935,600 budget, $2,243,000 actual; variable costs-$1,016,200 budget, $1,051,200 actual; and controllable fixed costs $297,600 budget, $303,400 actual Prepare a responsibility report for the Water Division. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Contribution Margin Controllable Fixed Costs Controllable Margin Variable Costs Gross Profit Net Income/(Loss) Sales LINK TO TEXT