Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 2 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. points The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 eBook Budgeted diving-hours (q) 300 Revenue ($470.00q) $141, 000 Expenses : Hint Wages and salaries ($11, 300 + $126.00q) 49, 100 Supplies ($4. 00q) 1, 200 Equipment rental ($2, 200 + $22.00q) 8, 800 Insurance ($4, 200) 4, 200 Print Miscellaneous ($520 + $1.48q) 964 Total expense 64, 264 Net operating income $ 76, 736 References 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31