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 ($420.00g) Expenses: Wages and salaries ($11,700 + $128.00g) Supplies ($4.00q) Equipment rental ($2,000+ $22.009) Insurance ($4,000) Miscellaneous ($520 + $1.46q) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Required: 250 $ 105,000 43,700 1,000 7,500 4,000 885 57,085 $ 47,915 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