Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Units Actual Results Variances Sales $169,000 $26,000 Favorable Variable Expenses Fixed Expenses 82,800 84,300 12,800 Unfavorable 300 Unfavorable $1,900 $12,900 Unfavorable Net Income (loss) Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 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