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

Vulcan Flyovers

Operating Data

For the Month Ended July $31$

Actual Results Flexible Budget Planning Budget

Flights $($q$)626260$

Revenue $($$$350\mathrm{.}00$q$)$ $ $16,300$ $ $21,700$ $ $21,000$

Expenses:

Wages and salaries $($$$3,700+$ $$85\mathrm{.}00$q$)8,9408,9708,800$

Fuel $($$$30\mathrm{.}00$q$)2,0301,8601,800$

Airport fees $($$$890+$ $$34\mathrm{.}00$q$)2,8732,9982,930$

Aircraft depreciation $($$$9\mathrm{.}00$q$)558558540$

Office expenses $($$$230+$ $$1\mathrm{.}00$q$)460292290$

Total expenses $14,86114,67814,360$

Net operating income $ $1,439$ $ $7,022$ $ $6,640$

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.