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We Deliver operates a fleet of delivery trucks in Halifax. Analysis shows that if a truck is driven 120,000 kilometres during a year, the average operating cost is 13.5 cents ($0.135) per kilometre. If a truck is driven only 80,000 kilometres during a year, the average operating cost increases to 15.9 cents ($0.159) per kilometre. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Do not round your intermediate calculations. Round the Variable cost per kilometre to 3 decimal places and Fixed cost answer to nearest whole dollar amount.) Kilometers Driven Total Annual Cost High level of activity Low level of activity Change 0 $ 0 per kilometer Variable cost per kilometer Fixed cost per year 2. Express the variable and fixed costs in the form Y= a + bx. (Do not round your intermediate calculations. Round the Variable cost per kilometre to 3 decimal places.) Y = 3. If a truck was driven 100,000 kilometres during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations.) Total annual cost