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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 Tor the Month Ended May 31 Budgeted diving-hours (g) 300 Revenue ($410.000) $ 123,000 Expenses: Wages and salaries ($11,700 + $126.009) 49,500 Supplies ($4.004) 1,200 Equipment rental ($2,300 + $20.009) Insurance ($4,000) 8,300 4,000 Miscellaneous ($520 + $1.449) 952 Total expense 63,952 Net operating income $ 59,048 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense