Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 4,000 units. The following variances were observed: Actual Results Variances Units Sales $135,000 $27,000 Favorable Variable Expenses 54,900 10,900 Unfavorable Fixed Expenses 72,200 200 Unfavorable Net Income (loss) $7,900 $15,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 5,000 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units 4,000 5,000 Sales $ 108,000 $ 135,000 $ 135,000 No Effect Variable Expenses Favorable Fixed Expenses Unfavorable Net Income (Loss) $ Unfavorable