Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. 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)		54		54		52
Revenue ($340.00q)	$	16,300	$	18,360	$	17,680
Expenses:
Wages and salaries ($3,700 + $90.00q)		8,520		8,560		8,380
Fuel ($32.00q)		1,894		1,728		1,664
Airport fees ($860 + $33.00q)		2,502		2,642		2,576
Aircraft depreciation ($10.00q)		540		540		520
Office expenses ($230 + $1.00q)		452		284		282
Total expense		13,908		13,754		13,422
Net operating income	$	2,392	$	4,606	$	4,258

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

Required:

1. Complete the flexible budget performance report abstract for July