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 ($365.00q) Expenses: Wages and salaries ($8,000 +$125.00) Supplies ($3.000) Equipment rental ($1,800 +$32.00g) Insurance ($3,400) Miscellaneous (5630 +$1.80q) Total expense Net operating income 100 $ 36,500 20,500 300 5,000 3,400 810 30,010 $ 6,490 During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Revenue Puget Sound Divers Flexible Budget For the Month Ended May 31 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous