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 (9) 300 Revenue ($400.00q) Expenses: Wages and salaries ($11,100 + $124.00q) Supplies ($5.00q) Equipment rental ($2,200 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.44q) Total expense Net operating income $ 120,000 48,300 1,500 9,400 4,000 942 64,142 $ 55,858 During May, the company's actual activity was 290 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0