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: 250 $ 100,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($400.00 g) Expenses: Wages and salaries ($11, 100 + $126.00 g) Supplies ($5.00) Equipment rental ($2,200 + $22. 00g) Insurance ($3,900) Miscellaneous ($530 + $1. 46) Total expense Net operating income 42, 600 1, 250 7, 700 3, 900 895 56, 345 $ 43, 655 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.) 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