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 Revenue ($440.00q) Expenses: Wages and salaries ($11,300+ $120.00q) Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 250 $ 110,000 41,300 1,250 9,000 4,000 905 56,455 $ 53,545 Supplies ($5.00q) Equipment rental ($2,500 + $26.00q) Insurance ($4,000) Miscellaneous ($550 + $1.42q) 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