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. Revenue ($430.009) Expenses: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 300 $129,000 48,200 1,200 8,600 4,000 984 62,984 $ 66,016 Wages and salaries ($11,000 + $124.009) Supplies ($4.009) Equipment rental ($2,000+ $22.009) Insurance ($4,000) Miscellaneous ($540 + $1.48q) Total expense Net operating income 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 number.) 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 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. Revenue ($430.009) Expenses: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 300 $129,000 48,200 1,200 8,600 4,000 984 62,984 $ 66,016 Wages and salaries ($11,000 + $124.009) Supplies ($4.009) Equipment rental ($2,000+ $22.009) Insurance ($4,000) Miscellaneous ($540 + $1.48q) Total expense Net operating income 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 number.) 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