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 $ 126,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($ 420.00) Expenses: Wages and salaries ($11,600 + $128.009) Supplies ($4.00q) Equipment rental ($2,300 + $20.00) Insurance ($3,900) Miscellaneous ($510 + $1.469) Total expense Net operating income 50,000 1,200 8,300 3,900 948 64,348 $ 61,652 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 Net operating income