Check my work Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($450.009) Expenses: Wages and salaries ($11,800 + $122.009) Supplies ($5.009) Equipment rental ($2,000 +$24.009) Insurance ($4,100) Miscellaneous ($530 + $1.50q) Total expense Net operating income 350 $ 157,500 54,500 1,750 10,400 4,100 1,055 71,805 $ 85,695 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)