Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($440.00g) Expenses: Wages and salaries ($11,100 + $122.00g) Supplies ($6.00g) Equipment rental ($2,200 + $25.00g) Insurance ($3,900) Miscellaneous ($520 +$1.46g) Total expense Net operating income 350 $ 154,000 53,800 2,100 10,950 3,900 1,031 71,781 $ 82,219 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 Net operating income