A company operates sight-seeing buses. Management has identified two cost drivers--the number of buses in operation and the number of passengers served - that it uses in its budgeting and performance reports. Data concerning the company's cost formulas appear below: Cost per Bus $ 476 Cost per Passenger $ 4 Vehicle operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 6,800 $ 2,500 $ 5,300 $ 3,900 $ 38 1.5 For example, vehicle operating costs should be $6,800 per month plus $476 per bus plus $4 per passenger. The company's sales revenue should average $31 per passenger. In July, the company operated 54 buses and served a total of 3,100 passengers. How much is the company's flexible budget operating income for July? Multiple Choice $51.196 $32,794