Problem 2 (15 points). Cello Company had the following master budget and actual results for the current fiscal year. CELLO COMPANY MASTER BUDGET AND ACTUAL RESULTS FOR THE CURRENT FISCAL YEAR Master Budget Actual Results Units Sold 18,000 20,000 360,000 S Sales Revenue S 410,000 Variable Costs 252,000 295,000 Contribution Margin 108,000 115,000 Fixed Costs 100,000 105,000 Operating Income 8,000 S 10,000 REQUIRED: Prepare a flexible budget performance report for the company using the attached form CELLO COMPANY FLEXIBLE BUDGET PERFORMANCE REPORT FOR CURRENT FISCAL YEAR Flexible Budget Sales Activity Flexible Budget Master Budget Actual Variances Variances Sales in Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income