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 ed May 31 Budgeted diving-hours (c) Revenue ($470.00q) 400 $188,000 Expenses: Wages and salaries ($11,700+ $128.00q) Supplies ($5.00q) Equipment rental ($2,000 +$21.00q) Insurance ($4,000) Miscellaneous ($520+ $1.50q) 62,900 2,000 10,400 4,000 1,120 Total expense 80,420 Net operating income $ 107,580