Exercise 2. During April, Arwa Corporation budgted for 27,000 customers, butactually served 23,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.10q Wages and salaries: $33,300+$1.10q Supplies: S0.70q Insurance: S8,600 Miscellaneous expense: S3,7000.40q Required: Prepare the company's flexible budget for April based on the actual level of activity for the month. Fill in the table below Arwa Corporation Flexible Budget For the Month Ended April 30 Actual customers served (q) Revenue ($4.10q) Expenses Wages and salaries ($33,300 $1.10q) Supplies ($0.70q) Insurance ($8,600) Miscellaneous expense (53,700 $0.40q) Total expense Net operating income