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 ($470.00g) Expenses: Wages and salaries ($11,500 + $124.00g) Supplies ($5.00g) Equipment rental ($2,100 + $22.00g) Insurance ($3,800) Miscellaneous ($510 + $1.48g) Total expense Net operating income 250 $117,500 42,500 1,250 7,600 3,800 880 56,030 $ 61,470 During May, the company's actual activity was 240 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 Net operating income 0 0