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) 250 Revenue ($480.00q) $ 120,000 Expenses: Wages and salaries ($11,800 + $124.00q) 42,800 Supplies ($4.00q) 1,000 Equipment rental ($2,200 + $26.00q) 8,700 Insurance ($3,900) 3,900 Miscellaneous ($530 + $1.46q) 895 Total expense 57,295 Net operating income $ 62,705 During May, the companys actual activity was 240 diving-hours.

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)