Check my work Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. 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 ($390.00g) Expenses Wages and salaries ($11,600 $120.00g) Supplies ($4.00g) Equipment rental ($2,100 + $23.00g) Insurance ($4,000) Miscellaneous ($520 +$1.48q) Total expenses Net operating income. 400 $ 156,000 59,600 1,600 11,300 4,000 1,112 77,612 $ 78,388 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.