Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (a) Revenue ($470.00q) Expenses: Wages and salaries ($11,900 + $126.009) Supplies ($5.00) Equipment rental ($2,200 + $21.00q) Insurance ($3,900) Miscellaneous ($500 +$1.48q) Total expenses Net operating income 400 $ 188,000 62,300 2,000 10,600 3,900 1,092 79,892 $ 108,108 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: 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 es Supplies (22.004) Equipment rental ($2,200 + $21.009) Insurance ($3,900) Miscellaneous ($500+ $1.48q) Total expenses Net operating income 2,000 10,600 3,900 1,092 79,892 $ 108,108 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: 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 expenses Net operating income