Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in July appear below:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results	Flexible Budget	Planning Budget
Flights (q)	52	52	50
Revenue ($360.00q)	$ 16,100	$ 18,720	$ 18,000
Expenses:
Wages and salaries ($3,500 + $90.00q)	8,140	8,180	8,000
Fuel ($32.00q)	1,830	1,664	1,600
Airport fees ($880 + $34.00q)	2,523	2,648	2,580
Aircraft depreciation ($10.00q)	520	520	500
Office expenses ($220 + $1.00q)	440	272	270
Total expenses	13,453	13,284	12,950
Net operating income	$ 2,647	$ 5,436	$ 5,050

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

Required:

1. Prepare a flexible budget performance report for July.