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 2 points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q). 300 eBook Revenue ($380.00) $114,000 References 48,300 Expenses: Wages and salaries ($11,700 $122.000) Supplies ($5.00) Equipment rental ($2,400 +$22.000) Insurance ($4,100) Miscellaneous (5530 +$1.500) Total expense Net operating income 1,500 9,000 4,100 988 63,880 $50,120 During May, the company's actual activity was 290 diving-hours.