Alyeski Tours operates day tours of coastal glaciers in Alasko on its tour boat the Blue Glacier, Management has identified two cost drivers--the number of cruises and the number of passengers--that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special salings if there is sufficient demand. Up to 80 passengers can be accommodated on the tour boot. Data concerning the company's cost formulas oppear below. Pixed Coat Coat pe cont per per month Cruise Passenger Vente operating costs $ 5.200 480.00 5.2.00 Advertising $ 1.700 Administrative conte $ 4,300 $24.00 $1.00 Insurance 5.2.900 For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenget. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers Required: Prepare the company's flexible budget for July Alyes Tours Flexible Budget For the Month Ended July 31 Revenue Expenses Vessel operating costs Advertising Administrative costs Insurance Total expense