Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($390.009) Expenses: Wages and salaries ($11,200 + $128.009) Supplies ($4.009) Equipment rental ($2,400 + $23.00q) Insurance ($4,000) Miscellaneous ($550 +$1.469) Total expense Net operating income 250 $ 97,500 43,200 1,000 8,150 4,000 915 57,265 $ 40,235 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense