14. Complete parts a), b), and e). Total of 20 points possible. Inklings Tour Company of England gives tours of Oxford. Inklings provided the following cost information: Fixed Cost per Month Cost per ticket sold Wapes and salaries 2000 Bus Rental Miscellaneous Expense Tour businence (For example, wages and salaries cost S500 per month plus 55 per ticket sold) The company expects to sell S tickets in April at a price of $15 per ticket a) Prepare the Inklings Tear Company planning budget for April b) During April, the Company actually sold 1600 tickets. Prepare the company's flexible budget for Apri c) The actual results for April appear below. Prepare a report feble budget performance report that shows the company's revenue and spending variances and activity variance for April Actualtickets sold 1.600 21 sol 1.575 Expenses Wapes and salaris Fuel Bus Rental Miscellaneous Expenses Tour bus maintenance Total expenses Net operating income 3.100 16250 6,650