Given the following cost and activity observations for Smithson Company's utilities,use the high-low method to calculate Smithson's fixed costs per month.Do not round your intermediate calculations. 
Definitions:
M2
A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market mutual funds.
FDIC
The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.
Bank Deposits
Money placed into banking institutions for safekeeping. These deposits are typically made into checking or savings accounts.
Bank Failures
Occurrences when banks are unable to meet their obligations to depositors and others, often leading to insolvency and closure.
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