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 Revenue ($430.009) Expenses: Wages and salaries ($11,400 + $126.00q) Supplies ($4.009) For the Month Ended May 31 Budgeted diving-hours (q) 250 $ 107,500 42,900 1,000 8,750 3,900 900 57,450 $ 50,050 Equipment rental ($2,500 + $25.009) Insurance ($3,900) Miscellaneous ($540 + $1.44q) Total expense Net operating income During May, the company's actual activity was 240 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 Insurance Miscellaneous Total expense Net operating income