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: 200 $ 78,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (g) Revenue ($390.00) Expenses: Wages and salaries ($11,200 + $124.009) Supplies ($4.00) Equipment rental ($2,500 + $21.009) Insurance ($3,800) Miscellaneous ($510 + $1.50) Total expense Net operating income 36,000 800 6,700 3,800 810 48,110 $ 29,890 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 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