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 $157,500 Revenue ($450.009) Expenses: Wages and salaries ($12,000 + $130.009) Supplies ($3.009) Equipment rental ($2,100 + $23.009) Insurance ($4,100) Miscellaneous ($520 + $1.449) Total expense Net operating income 57,500 1,050 10,150 4,100 1,024 73,824 $ 83,676 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.)