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 ($440.00q) Expenses: Wages and salaries ($11,300 +$126.000) Supplies ($4.00g) Equipment rental ($2,200 +$21.00) Insurance ($4,000) Miscellaneous ($520 +$1.44q) Total expense Net operating income 400 $176,000 61,700 1,600 10,600 4,000 1,096 78,996 $ 97,004 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Net operating income $91,004 During May, the company's actual activity was 390 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 0 Net operating income $ 0