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 (9) 300 $126,000 Revenue ($420.009) Expenses: Wages and salaries ($11,500 + $126.009) Supplies ($4.00q) Equipment rental ($2,400 + $24.009) Insurance ($4,100) Miscellaneous ($520 + $1.429) Total expense Net operating income 49,300 1,200 9,600 4,100 946 65,146 $ 60,854 During May, the company's actual activity was 290 diving-hours. 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income