Advent Manufacturing Company accumulates the following summary data for the year ending December 31, 2016, for its water division. The division operates as a profit centre: sales-$2 million budgeted, $2,080,000 actual; variable costs-$1 million budgeted, $1,060,000 actual; and controllable fixed costs-$300,000 budgeted, $305,000 actual. Prepare a responsibility report for the water division.