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) Revenue ($480.00q) Expenses: Wages and salaries ($11,200 + $128.00g) Supplies ($4.00q) Equipment rental ($2,200 + $22.00g) Insurance ($3,900) Miscellaneous ($540 +$1.46g). Total expense Net operating income: 350 $ 168,000 56,000 1,400 9,900 3,900 1,051 72,251 $ 95,749 During May, the company's actual activity was 340 diving-hours. 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income