Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales-$1,970,100 budget, $2,288,100 actual; variable costs-$1,013,600 budget, $1,040,200 actual; and controllable fixed costs-$295,000 budget, $304,600 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Sales Variable Costs Contribution Margin Controllable Fixed Costs Controllable Margin Budget Actual 2,000,000 C F Ui Neith 2,080,000 80,000 1,000,000 1,050,000 50,000 1,000,000 1,030,000 30,000 300,0000 305,000 5,000 $ 700,000 725,000 25,000 nor