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 (g) 350 $ 154,000 Revenue ($440.00g) Expenses: Wages and salaries ($11,500 + $126.00g) Supplies ($4.00g) Equipment rental ($2,300 + $24.00g) Insurance ($4,100) Miscellaneous ($540 +$1.50g) Total expense Net operating income 55,600 1,400 10,700 4,100 1,065 72,865 $ 81,135 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance 149,600 Miscellaneous Total expense 0 Net operating income $ 0