Torres Company accumulates the following summary data for the year ending December 31, 2017, for its Water Division, which it operates as a profit center: sales$2,047,700 budget, $2,282,800 actual; variable costs$1,015,700 budget, $1,048,500 actual; and controllable fixed costs$295,000 budget, $304,900 actual. Prepare a responsibility report for the Water Division. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2017 Difference Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $