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 companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	350
Revenue ($430.00q)	$ 150,500
Expenses:
Wages and salaries ($11,200 + $126.00q)	55,300
Supplies ($4.00q)	1,400
Equipment rental ($2,200 + $24.00q)	10,600
Insurance ($3,800)	3,800
Miscellaneous ($540 + $1.48q)	1,058
Total expense	72,158
Net operating income	$ 78,342

During May, the companys actual activity was 340 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)