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) Revenue ($400.000) 200 $ 80,000 Expenses: Wages and salaries ($11,200 + $120.00) Supplies ($6.000) Equipment rental ($2,400 + $21.004) Insurance ($4,200) Miscellaneous ($550 + $1,500) Total expense Net operating income 35,200 1,200 6,600 4,200 850 48,050 $ 31,950 Required: During May, the company's activity was actually 190 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