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: 300 $141,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($470.00) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($4.009) Equipment rental ($2,200 + $23.009) Insurance ($4,000) Miscellaneous ($520 + $1.449) Total expense Net operating income 48,100 1,200 9,100 4,000 952 63,352 $ 77,648 During May, the company's actual activity was 290 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