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 divinghours (q) 359 Revenue ($4?0.6@q) 5 154,530 Expenses: Wages and salaries ($11,386 + $128.68q) 56,186 Supplies {$5.66q) 1,?56 Equipment rental {$2,498 + $25.80q] 11,150 Insurance ($4,163) 4,186 Miscellaneous ($550 + $1.4Eq) 15353 Total expense ?4,168 Net operating income 5 99,332 During May, the company's actual activity was 340 divinghours. Required: Prepare a flexible budget for May. [Round your answers to the nearest whole number.) Revenue Expenses: Wages and salaries S u pplies Equipment rental Insurance Miscellaneous Total expense N et 0 perating income