Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)		350
Revenue ($470.00q)	$	164,500
Expenses:
Wages and salaries ($12,000 + $122.00q)		54,700
Supplies ($5.00q)		1,750
Equipment rental ($2,400 + $21.00q)		9,750
Insurance ($3,900)		3,900
Miscellaneous ($550 + $1.50q)		1,075
Total expense		71,175
Net operating income	$	93,325

Required:

During May, the companys activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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	0
Net operating income	$0