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) 250 $105,000 Revenue ($420.00) Expenses: Wages and salaries ($11,300 + $120.00) Supplies ($6.000) Equipment rental ($2,300 + $23.009) Insurance ($4,200) Miscellaneous ($540 + $1.469) Total expense Net operating income 41.300 1.500 8,050 4,200 905 55.955 $ 49,045 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the nearest whole number.)