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) 300 $ 144,000 Revenue ($480.004) Expenses: Wages and salaries ($11,900 + $128.009) Supplies ($5.009) Equipment rental ($2,200 + $23.009) Insurance ($4,100) Miscellaneous ($540 +$1.44q) Total expense Net operating income 50,300 1,500 9,100 4,100 972 65,972 $ 78,028 During May, the company's actual activity was 290 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 $ 105,600 Expenses: Wages and salaries 21,125 Supplies 315 Equipment rental 5,160 Insurance 3,400 Miscellaneous 819 Total expense 30,819 Net operating income $ 74,781