Slade Company's managers received the following incomplete performance report: (Click the icon to view the incomplete performance report.) Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasons. Complete the performance report. (For accounts with a zero balance, make sure to enter "0" in the appropriate cell. Label each variance as favourable (F) or unfavourable (U). If the variance is zero, do not select a label.) Slade Company Income Statement Performance Report Year Ended July 31 Flexible Budget for Actual Results at Sales Volume Flexible Budget Variance Actual Number of Output Units Static (Master) Budget Actual Prices 37,000 Variance 6,000 37,000 Output units F $ 217,000 Sales revenue $ 217,000 $ 21,000 F Variable expenses 10,000 U 85,000 112,000 80,000 100,000 Fixed expenses 0 Total expenses 197,000 180,000 10,000 U $ 20,000 $ 37,000 $ 11,000 Operating income F Incomplete performance report Slade Company Income Statement Performance Report Year Ended July 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Actual Prices Variance Variance Output Units 37,000 Static (Master) Budget ? 37,000 ? Output units 6,000 F 21,000 F $ Sales revenue 217,000 ? $ 217,000 $ ? Variable expenses ? ? 85,000 112,000 80,000 100,000 10,000 U -0- ? Fixed expenses ? 197,000 ? Total expenses 180,000 ? 10,000 U $ 20,000 ? $ 37,000 $ 11,000 ? Operating income F Print Done