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 ($430.009) Expenses: Wages and salaries ($11,600 + $124.009) Supplies ($4.009) For the Month Ended May 31 250 $ 107,500 42,600 1,000 7,200 3,800 915 55,515 $ 51,985 Equipment rental ($2,200 + $20.009) Insurance ($3,800) Miscellaneous ($550 + $1.469) 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