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 $410.00) Expenses: Wages and salaries ($11,500 + $128.00) Supplies ($4.00) Equipment rental ($2,500 + $21.0 Insurance ($4,100) Miscellaneous ($500 + $1.509) Total expense Net operating income 56,300 1,400 9,850 4,100 1,025 72,675 $ 70,825 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