You are asked to produce the schedule and cost variance reports for the project progress meeting. What is the schedule variance $($SV$)$ and cost variance $($CV$)$ if you are reporting for end period #$17?$ Your team provided you following data for the end of period#$17$:

scheduled cost $=$$$523,000$

cumulative actual cost $=$$$540,000$

earned value $=$$$535,000$

$SV=5,000$;$CV=-12,000$

$SV=-12,000$;$CV=5,000$

$SV=12,000$;$CV=-5,000$

$SV=5,000$;$CV=17,000$

$SV=-5,000$;$CV=12,000$