Alyeski Tours operates day tours of coastal glociers in Alaska on its tour boot the Blue Glocier, Management has identified two cost divers-the number of crulses 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 83 passengers can be accommodated on the tour boat. Data conceming the compony's cost formulas appear below: For example, vessel operating costs should be $6,700 per month plus $471,00 per cruise plus $3,00 per passenger. The company's sales should overage $35.00 per passenger. In July, the company provided 55 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July. \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Alyeski Tours } \\ \hline \multicolumn{1}{|c|}{ Flexible Budget } \\ \hline For the Month Ended July 31 \\ \hline Revenue \\ \hline Expenses: \\ \hline Vessel operating costs \\ \hline Advertising \\ \hline Administrative costs \\ \hline Insurance \\ \hline Total expense \\ \hline Net operating income \\ \hline \end{tabular}