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) 300 Revenue ($480.00q) $144,000 Expenses Wages and salaries ($11,000 $128.00g) Supplies ($6.00g) Equipment rental ($2,100 $25.00q) Insurance ($3,900) Miscellaneous ($530 $1.46q) Total expense 49,400 1,800 9,600 3,900 968 65,668 $ 78,332 Net operating income During May, the company's actual activity was 290 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 Actual diving-hours 300 144,000 Revenue Expenses: Wages and salaries 49,400 Supplies Equipment rental Insurance Miscellaneous Total expense 49,400 Net operating income 94,600