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) 350 Revenue ($380.000) $ 133,000 Expenses: Wages and salaries ($11,400 + $126.009) 55,500 Supplies ($4.00) 1,400 Equipment rental ($2,100 + $25.000) 10,850 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.449) 1,014 Total expense 72,664 Net operating income $ 60,336 Required: During May, the company's activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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