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: 300 $117,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($390.00) Expenses: Wages and salaries ($11,100 + $128.009) Supplies ($5.009) Equipment rental ($2,300 + $24.00) Insurance ($3,800) Miscellaneous ($520 - $1.449) Total expense Net operating income 49,500 1,500 9,500 3,800 952 65,252 $ 51,748 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 number.)