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 31 350 $ 140,000 Budgeted diving-hours (q) Revenue ($400.00q) Expenses: Wages and salaries ($11,800+ $120.00q) Supplies ($5.00q) Equipment rental ($2,300+ $25.00q) Insurance ($3,900) Miscellaneous ($550 + $1.44q) Total expense Net operating income 53,800 1,750 11,050 3,900 1,054 71,554 $ 68,446 During May, the company's actual activity was 340 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 0 Net operating income $ 0