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 Budgeted diving-hours (q) 250 $105,000 Revenue ($420.00q) Expenses: Wages and salaries ($11,200 + $126.00q) Supplies ($5.00q) Equipment rental ($2,300$20.00q) Insurance ($3,900) Miscellaneous ($510 $1.44q) 42,700 1,250 7,300 3,900 870 56,020 $ 48,980 Total expense Net operating income 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income