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) 350 $ 143,500 Revenue ($410.000) Expenses : Wages and salaries ($11,700 + $124.00) Supplies ($5.00) Equipment rental ($2,500 + $22.00) Insurance ($4,100) Miscellaneous ($550 + $1.42) Total expense Net operating income 55, 100 1,750 10,200 4,100 1,047 72,197 $ 71,303 During May, the company's actual activity was 340 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