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) Revenue ($440.009) Expenses: Wages and salaries ($11,400 + $128.009) Supplies ($4.009) Equipment rental ($2,500 + $25.009) Insurance ($4,200) Miscellaneous ($530 + $1.46q) Total expense Net operating income 250 $110,000 43,400 1,000 8,750 4,200 895 58,245 $ 51,755 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.) 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