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 ($420.00q) 400 $ 168,000 Expenses: Wages and salaries ($11,300 $126.00q) Supplies ($3.00q) Equipment rental ($2,400 $25.00q) Insurance ($3,900) Miscellaneous ($550 $1.44q) 61,700 1,200 12,400 3,900 1,126 Total expense 80,326 Net operating income $87,674