Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($365.00q) 100 $ 36,500 Expenses Wages and salaries ($8,000 $125.00q) Supplies ($3.00q) Equipment rental ($1,800$32.00q) Insurance ($3,400) Miscellaneous ($630 $1.80g) 20,500 300 5,000 3,400 810 Total expense 30,010 Net operating income $ 6,490 Required: During May, the company's activity was actually 105 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 0 Net operating income 0