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 Budgeted diving-hours (q) Revenue ($430.00q) Expenses: Wages and salaries ($11,400 + $122.00g) Supplies ($3.00g) For the Month Ended May 31 250 $ 107,500 41,900 750 8,450 3,900 890 55,890 $ 51,610 Equipment rental ($2,200 + $25.00g) Insurance ($3,900) Miscellaneous ($530 + $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.) 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 0 Net operating income $ 0