Bustillo 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: Fixed Cost per Month $ 6.800 $ Cost per Bus $ 476 Cost per Passenger $ 3 2.500 Vehicle operating costs Advertising Administrative costs Insurance $ $ 38 $ 1.5 5,300 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 48 buses and served a total of 3,200 passengers. How much is the company's flexible budget operating income for July