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)	55	55	53
Revenue ($350.00q)	$ 16,100	$ 19,250	$ 18,550
Expenses:
Wages and salaries ($3,000 + $91.00q)	7,963	8,005	7,823
Fuel ($34.00q)	2,032	1,870	1,802
Airport fees ($850 + $31.00q)	2,435	2,555	2,493
Aircraft depreciation ($11.00q)	605	605	583
Office expenses ($220 + $1.00q)	443	275	273
Total expenses	13,478	13,310	12,974
Net operating income	$ 2,622	$ 5,940	$ 5,576

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.