Sound area. 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 ($460.009) Expenses: Wages and salaries ($11,300 +$130.00q) Supplies ($6.009) Equipment rental ($2,200 +$24.00q) Insurance ($4,100) Miscellaneous ($510 +$1.48q) Total expense Net operating income 350 $161,000 56,800 2,100 10,600 4,100 1,028 74,628 $ 86,372 During May, the company's actual activity was 340 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