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 ($420.00g) Expenses: wages and salaries ($11,300 + $128.00g) Supplies ($6.00g) Equipment rental ($2,400 +$23.00) Insurance (54,100) Miscellaneous ($530 +$1.46g) Total expense Net operating income 350 $ 147,000 56,100 2,100 10,450 4,100 1,041 73,791 $ 73,209 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.) 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 Net operating income