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 --$2,031,600 budget, $2,266,800 actual; variable costs -$1,013,000 budget, $1,048,800 actual; and controllable fixed costs - $297,200 budget, $303,500 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 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual