The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Occupancy- Days 3,300 2,960 3,550 1,600 1,370 1,350 3,490 3,750 1,390 1,060 1,520 2,900 Electrical Costs $8,024 $7,767 $8,265 $4,800 $4,110 $4,050 $8,117 $8,560 $4,170 $3,180 $4,560 $7,746 Month January February March ril May June July August September October November December Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount) Occupancy Days Electrical Costs High activity level Low activity level Change Variable cost per occupancy-day Fixed cost element