Hasselman Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting: Fixed element per month Variable element per student Variable element per course Revenue $ 0 $ 413 $ 0 Faculty wages $ 0 $ 0 $ 2,000 Course supplies $ 0 $ 48 $ 33 Administrative expenses $ 31,000 $ 15 $ 24 In January, the school budgeted for 1,050 students and 100 courses. The actual activity for the month was 1,150 students and 98 courses. Required: Prepare the schools flexible budget for the actual level of activity in January. (Input all amounts as positive values. Omit the "$" sign in your response.) Hasselman Tech Flexible Budget For the Month Ended January 31 Revenue $ Expenses: Faculty wages Course supplies Administrative expenses Total expense Net operating income $