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: Budgeted diving-hours (q) Revenue ($420.00q) Expenses: Wages and salaries ($11,500 + $122.00q) Supplies ($4.00q) Equipment rental ($2,200 + $21.00q) Insurance ($4,000) Miscellaneous ($530+ $1.489) Total expense Net operating income Puget Sound Divers Planning Budget For the Month Ended May 31 Revenue Expenses: During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Wages and salaries Supplies Equipment rental Insurance Miscellaneous Puget Sound Divers Flexible Budget For the Month Ended May 31 250 $ 105,000 Total expense Net operating income 42,000 1,000 7,450 4,000 900 55,350 $ 49,650