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 ($420.00q) 400 $ 168,000 Expenses Wages and salaries ($11,400+ $128.00q) Supplies ($3.00q Equipment rental ($2,400 $25.00q) Insurance ($4,100) Miscellaneous ($510+ $1.48q) 62,600 1,200 12,400 4,100 1,102 Total expense 81,402 Net operating income $ 86,598