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 Revenue ($400.009) Expenses: Wages and salaries ($11,300 + $122.009) Supplies ($4.009) Equipment rental ($2,000 + $23.009) Insurance ($3,900) Miscellaneous ($520 + $1.489) Total expense Net operating income $ 160,000 60,100 1,600 11,200 3,900 1,112 77,912 $ 82,088 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