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 ($420.009) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($5.00) Equipment rental ($2,400 + $25.00q) Insurance ($4,200) Miscellaneous ($540 + $1.42q) Total expense Net operating income 200 $ 84,000 35,900 1,000 7,400 4,200 824 49,324 $ 34,676 During May, the company's actual activity was 190 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 $ E L