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) 350 8.13 Revenue ($470.00q) $ 164, 500 Expenses: Wages and salaries ($11,800 + $130.00q) 57, 300 Supplies ($4.00q) 1, 406 Equipment rental ($2, 200 + $25.00q) 10,950 Insurance ($4, 100) 4, 180 Miscellaneous ($520 + $1.44q) 1,024 Total expense 74, 774 Net operating income $ 89,726 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) int Puget Sound Divers Flexible Budget For the Month Ended May 31 ences Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income