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) 350 Revenue ($390.009) Expenses: Wages and salaries ($11,500 + $130.009) Supplies ($5.009) Equipment rental ($2,300 + $23.00q) Insurance ($3,900) Miscellaneous ($530 + $1.42q) Total expense Net operating income $ 136,500 57,000 1,750 10,350 3,900 1,027 74,027 $ 62,473 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 0