Use the following information to answer the questions. Rental Days 3,238 3,100 4,178 2.110 1,100 Month January February March April May June July August September October November December 958 Utility Costs $19, 194 $9,888 $12,266 $ 7,807 $4.ee $ 3,515 $10,046 $ 7,696 $12,290 $ 3,922 $ 6,179 $ 9,241 3,190 2,080 4,200 1,060 1,670 2,830 Required: 1. Using the high-low method, estimate the fixed cost of utilities per month and the variable cost of utilities per rental-day. (Do round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answe nearest whole dollar amount.) Variable cost of utilities Fixed cost of utilities per rental-day per month 2. What other factors in addition to rental-days are likely to affect the variation in utility costs from month to month? (You may sela er factors in addition to rental-days are likely to affect the variation in utility costs from month to month? more than one answer. Single click the box with the question mark to produce a check mark for a correct answer the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will graded as incorrect.) 2 Systematic factors like guests, switching off fans and lights. ? Number of days present in a month. ? Income taxes paid on rental income. ? Seasonal factors like winter or summer. ? Fixed salary paid to rental property management