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) Revenue ($380.00q) Expenses: Wages and salaries ($11,800 + $124.00q) Supplies ($5.00q) Equipment rental ($2,500 + $21.00q) Insurance ($3,900) Miscellaneous ($530 + $1.48q) Total expense Net operating income 350 $ 133,000 55,200 1,750 9,850 3,900 1,048 71,748 $ 61,252 During May, the company's actual activity was 340 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 0 Net operating income $ 0 C