Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 (g) Revenue ($430.00g) Expenses: Wages and salaries ($11,600 + $124.00g) Supplies ($6.00q) Equipment rental ($2,300 + $22.00q) Insurance ($4,100) Miscellaneous ($500 + $1.44q) Total expense Net operating income 400 $ 172,000 61,200 2,400 11,100 4,100 1,076 79,876 $ 92,124 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.