Budgeted diving-hours (q) Revenue ($380.00q) Expenses: Wages and salaries ($11,100 +$128.00q) Supplies ($4.00q) Equipment rental ($2,200 +$25.00q) Insurance ($3,900) Miscellaneous ($500 +$1.44q) Total expense Net operating income 300 $114,000 49,500 1,200 9,700 3,900 932 65,232 $ 48,768 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0