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 (q) Revenue ($450.004) Expenses: Wages and salaries ($11,800+ $120.00q) Supplies ($5.00) Equipment rental ($2,100 +$23.00) Insurance ($4,200) Miscellaneous ($510 +$1.44q) Total expenses Net operating income. 350 $ 157,500 53,800 1,750 10,150 4,200 1,014 70,914 $ 86,586 During May, the company's actual activity was 340 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 Budgeted diving-hours Revenue Expenses: Wages and salaries