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 ($450.00g) Wages and salaries ($11,800 + $122.00g) Supplies ($5.00g) Equipment rental ($2,200 $24.00g) Insurance ($3,900) Miscellaneous ($500 $1.48q) Total expense Net operating income 300 $135,000 48,400 1,500 9,400 3,900 944 64,144 $ 70,856 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 Revenue Expenses: Wages and salaries Supplies Equipment rental 1 of 6 Next > Insurance ($3,900) Miscellaneous ($500 +$1.48g) Total expense Net operating income 3,900 944 64,144 $ 70,856 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest who Puget Sound Divers Flexible Budget For the Month Ended May 31 ces Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 69 0 0