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 Dive Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue (S480.00q) 250 $120,000 Expenses Wages and salaries ($11,400 $122.00q) Supplies ($4.00q) Equipment rental ($2,000 + $25.00q) Insurance ($4,100) Miscellaneous ($510+$1.46q) 41,900 1,000 8,250 4,100 875 Total expense 56,125 Net operating income $63,875 Required During May, the company's activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity 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