We Deliver operates a eet of delivery trucks in Halifax. Analysis shows that if a truck is driven 113,000 kilometres during a year, the average operating cost is 11.1 cents {$0.111} per kilometre. If a truck is driven onlyr T8,000 kilometres during a year, the average operating cost increases to 13.1 cents {$0.131} per kilometre. Required: 1. Using the highlow 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 kilometer" to 3 decimal places.) High level 0! activity Low level of activity Change 0 $ 0 Variable cost per kilometer Fixed cost per year 2. Express the variable and xed costs in the form Y = a + bx. {Do not round your intermediate calculations. Round the "Variable cost per kilometer\" to 3 decimal places} -:I:I 3. if a truck were driven 124,900 kilometres during a year. what total cost would you expect to be incurred? {Do not round intermediate ca lcutations. Round the "Variable cost per kilometer" to 3 decimal places.) _:|