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 ($440.00q)	$ 154,000
Expenses:
Wages and salaries ($11,100 + $124.00q)	54,500
Supplies ($5.00q)	1,750
Equipment rental ($2,200 + $25.00q)	10,950
Insurance ($4,100)	4,100
Miscellaneous ($510 + $1.44q)	1,014
Total expense	72,314
Net operating income	$ 81,686

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

Prepare a flexible budget for May.