During September, Clendennen Corporation budgeted for 31,000 customers, but actually served 29,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:

Revenue: $4.61q

Wages and salaries: $35,600 + $1.77q

Supplies: $0.67q

Insurance: $12,600

Miscellaneous expense: $5,600 + $0.17q

Required:

Prepare the company's flexible budget for September based on the actual level of activity for the month.

Clendennen Corporation
Flexible Budget
For the Month Ended September 30
Actual customers served	29,000
Revenue
Expenses:
Wages and salaries
Supplies
Insurance
Miscellaneous expense
Total expense
Net operating income