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 int rences For the Month Ended May 31 Budgeted diving-hours (q) 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 +$125.00q) 20,500 Supplies ($3.00g) 300 5,000 3,400 810 30,010 $ 6,490 Equipment rental ($1,800+ $32.00q) Insurance ($3,400) Miscellaneous ($630 + $1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Exinment