Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($460.00q) Expenses: Wages and salaries ($11,400 +$124.00q) Supplies ($6.00q) Equipment rental ($2,000 +$25.00q) Insurance ($3,900) Miscellaneous ($530 +$1.44q) Total expense Net operating income 400 $184,000 61,000 2,400 12,000 3,900 1,106 80,406 $ 103,594 During May, the company's actual activity was 390 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