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) 400 $152,000 Revenue ($380.00) Expenses : Wages and salaries ($11,300 + $128.00) Supplies ($4.00) Equipment rental ($2,200 + $21.00) Insurance ($3,800) Miscellaneous ($550 + $1.44) Total expense Net operating income 62,500 1,600 10,600 3,800 1,126 79,626 $ 72,374 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the 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