Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.00g) Expenses: Wages and salaries ($11,500 + $124.00q) Supplies ($5.00g) Equipment rental ($2,200 + $23.00g) Insurance ($3,900) Miscellaneous ($510 + $1.48q) Total expense Net operating income 250 $ 117,500 42,500 1,250 7,950 3,900 880 56,480 $ 61,020 During May, the company's actual activity was 240 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0