Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The companys planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 300 Revenue ($460.00q) $ 138,000 Expenses: Wages and salaries ($11,700 + $128.00q) 50,100 Supplies ($5.00q) 1,500 Equipment rental ($2,400 + $26.00q) 10,200 Insurance ($4,000) 4,000 Miscellaneous ($530 + $1.50q) 980 Total expenses 66,780 Net operating income $ 71,220 During May, the companys actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number