Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget 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) 350 Revenue ($470.00q) $ 164,500 Expenses: Wages and salaries ($11,500 + $126.00q) 55,600 Supplies ($6.00q) 2,100 Equipment rental ($2,400 + $20.00q) 9,400 Insurance ($3,900) 3,900 Miscellaneous ($530 + $1.46q) 1,041 Total expense 72,041 Net operating income $ 92,459 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 dollar.)