During June, Tarras Corporation plans to serve 40,000 customers. They actually served 45,236 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.49q Wages and salaries: $34,000+ $1.61q Supplies: $0.81q Insurance: $20,000 Miscellaneous expense: $5,000 + $0.51q Required: Prepare the company's planning budget for June. Tarras Corporation Planning Budget For the Month Ended June 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income 40,000