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) 200 Revenue ($430.00g) Expenses: Wages and salaries ($11,100 + $128.00g) Supplies ($5.00g) Equipment rental ($2,400 + $22.00g) Insurance ($4,000) Miscellaneous ($520 +$1.42g) Total expense Net operating income $ 86,000 36,700 1,000 6,800 4,000 804 49,304 $ 36,696 During May, the company's actual activity was 190 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 200 $ 86,000 Expenses: Wages and salaries 36,700 Supplies 1,000 Equipment rental 6,800 Insurance 4,000 Miscellaneous 804 Total expense 49,304 Net operating income $ 36,696