Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 31 400 $ 180,000 Budgeted diving-hours (q) Revenue ($450.00g) Expenses: Wages and salaries ($11,800 +$130.00g) Supplies ($6.00g) Equipment rental ($2,000 +$21.00) Insurance ($4,100) Miscellaneous ($540 +$1.48q) Total expense Net operating income 63,800 2,400 10,400 4,100 1,132 81,832 $ 98,168 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)