Luckman Corporation bases its budgets on the activity measure customers served. During July, the company plans to serve 32,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month Variable element per customer Revenue $0 $ 3.70 Wages and salaries $29,300 $ 1.10 Supplies $0 $ 0.70 Insurance $ 8,400 $ 0.00 Miscellaneous expense $ 4,600 $ 0.30 Required: Prepare the company's planning budget for July