Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 200 $ 92,000 Revenue ($460.009) Expenses: Wages and salaries ($12,000 + $120.00) Supplies ($5.009) Equipment rental ($2,400 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.449) Total expense Net operating income 36,000 1,000 7,200 4,000 798 48,998 $ 43,002 During May, the company's actual activity was 190 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