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) 350 Revenue ($470.00q) Expense Wages and salaries ($11,100 $122.00q) Supplies ($4.00q) Equipment rental ($2,100$24.00q) Insurance ($4,100) Miscellaneous ($530$1.50q) Total expense $164,500 53,800 1,400 10,500 4,100 1,055 70,855 93,645 Net operating income During May, the company's actual activity was 340 diving-hours. During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income