A company operates sight-seeing buses. Management has identified two cost driversthe 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 Cost per Passenger $ 3 Fixed Cost per Month $ 6,800 $ 2,500 $ Vehicle operating costs Advertising Administrative costs 476 $ 5,300 $ 38 $ 1.5 Insurance $ 3,900 For example, vehicle operating costs should be $6,800 per month plus $476 per bus plus $3 per passenger. The company's sales revenue should average $34 per passenger. In July, the company operated 47 buses and served a total of 3,250 passengers. How much is the company's flexible budget operating income for July? Multiple Choice $53,217 $57,283 O $29,172 $71,578