Youjust bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then sell it for $3,200. During this two-year period, you expect to ride the motorcycle 10,000 miles each year. and you expect the motorcycle to get 50 miles per gallon of gasoline. The annual cost ofinsurance is $960, registration costs are $80 (good for two years), and the price of gasoline is $2.50 per gallon. During this same two-year period, you will need to service your motorcycle 5 times, at $240 per service check, and obtain 5 oil changes. Each oil change costs $35. You will also need to replace your tires 1 time(s) during this two-year period, and each time you replace your tires, it costs $400. 3. Calculate the total xed cost. total variable cost, and cost per mile for the twoyear period, and then complete the table below. Instructions: Round your answers for total xed cost and total variable cost to the nearest whole number. Round your answer for cost per mile to two decimal places. mli'i'lxed Cont- ' rota]. Variable Cont b. Suppose you want to lower the cost per mile. You should focus on: 0 variable costs, because they represent a majority of the total costs. 0 fixed costs, because they must be paid. 0 variable costs, because they can be avoided. 0 fixed costs, because they represent a majority of the total costs