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: Variances Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (loss) $130,000 $26,000 Favorable 54,800 10,800 Unfavorable 68,300 300 Unfavorable $6,900 $14,900 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). Units Sales Variable Expenses Fixed Expenses Net Income (Loss) Static budget Flexible budget Actual Results Variances No Effect Favorable Unfavorable Unfavorable