Check my 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 sailings if there is sufficient demand. Up to 81 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below. Vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cost per Passenger $ 6,300 Cruise $470.00 $3.40 $ 2,900 $ 5,400 $ 3,800 $ 35.00 $ 1.50 For example, vessel operating costs should be $6,300 per month plus $470.00 per cruise plus $3.40 per passenger. The company's sales should average $33.00 per passenger. In July, the company provided 59 cruises for a total of 3,150 passengers. 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 2,900 Insurance 3,800 Total expense 6,700 Net operating income $ 97,250