We Deliver operates a fleet of delivery trucks in Halifax. Analysis shows that if a truck is driven 118,500 kilometres during a year, the average operating cost is 10.6 cents ($0.106) per kilometre. If a truck is driven only 79,000 kilometres during a year, the average operating cost increases to 12.6 cents ($0.126) 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 kilometer" to 3 decimal places.) Kilometers Driven Total Annual Cost High level of activity Low level of activity Change 0 $ 0 Variable cost per kilometer Fand 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 kilometer" to 3 decimal places.)