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) 300 $138,000 Revenue ($460.00q) Expenses: Wages and salaries ($11,200 + $128.009) Supplies ($5.009) Equipment rental ($2,300 + $24.009) Insurance ($3,800) Miscellaneous ($530 + $1.449) Total expense 49,600 1,500 9,500 3,800 962 65,362 $ 72,638 Net operating income During May, the company's actual activity was 290 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