Alyeskl Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers--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 sailings If there is sufficient demand. Up to 89 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Texad Cont per cont per cost per Month Ceai Penger Vessel operating conta $ 6,100 473.00 $ 3.30 vertising $2,700 Administrative coats $ 5,100 $39.00 31.50 Insurance $3,300 For example, vessel operating costs should be $6,100 per month plus $473.00 per cruise plus $3.30 per passenger. The company's sales should average $33.00 per passenger. In July, the company provided 59 cruises for a total of 3,000 passengers. Required: Prepare the company's flexible budget for July Alyon Tours Flexible Budget For the Month Ended July 31 Revenue Expenses Vossel operating costs Advertising Administrative coats Insurance Total expense Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses: Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income