Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)		350
Revenue ($420.00q)	$	147,000
Expenses:
Wages and salaries ($11,700 + $128.00q)		56,500
Supplies ($5.00q)		1,750
Equipment rental ($2,400 + $24.00q)		10,800
Insurance ($3,800)		3,800
Miscellaneous ($510 + $1.46q)		1,021
Total expense		73,871
Net operating income	$	73,129

During May, the companys actual activity was 340 diving-hours.

Required:

Prepare a flexible budget for May.