Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear belovw Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Flights (4) Revanue ($240.00q) Expenses 52 8.304 1,842 2,657 498 17.880 8.224 2.808 8.388 Weges and sslaries (53,700 87.00Q) Fuel ($31.00) Airport foes ($800 $33.004) Airorat depresiation (39.00a) Office expenses ($230$1.00q) 2872 496 489 Total expense Net operating income 5 2.589 4.840 4.488 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. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts as positive values.) Flyovers Flexiblo Budget Pertormance Report For the Month Ended July 31 Revenue and Aotivity Variances Revenue Expenses Wages and salaries Fuel Airport fees Aircrsft depreciation Office expenses Total expense Net operating income