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 (a) 300 $ 114,000 Revenue ($380.009) Expenses: Wages and salaries ($11,200 + $122.009) Supplies ($6.009) Equipment rental ($2,400 + $21.009) Insurance ($3,900) Miscellaneous ($510 + $1.429) Total expense Net operating income 47,800 1,800 8,700 3,900 936 63,136 $ 50,864 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