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) Revenue ($460.00g) 200 $ 92,000 Wages and salaries ($12,000$126.00q) Supplies ($3.00q) Equipment rental ($2,300+$24.00q) Insurance ($3,800) Miscellaneous (S500+$1.48q) 37,200 600 7,100 3,800 796 Total expense 49,496 Net operating income $ 42,504 Required During May, the company's activity was actually 190 diving-hours. Complete the following flexible budget for that level of activity. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income 0