ces 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) Revenue (5420.00g) Expenses: Wages and salaries ($11,500 $122.00g) Supplies ($5.00g) Equipment rental ($2,400 +$23.00) Insurance ($4,100) Miscellaneous ($500 $1.46g) Total expense Net operating income 350 $ 147,000 54,200 1,750 10,450 4,100 1,011 71,511 $ 75,489 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue 340 142,800