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 Revenue (5440.80) $154,800 Expenses: Wages and salaries (511,900 - $124.009) 55,300 Supplies ($3.089) 1,050 Equipment rental ($2,000 - $22.889) 9,700 Insurance ($3,900) 3,900 Miscellaneous (5520 + $1.489) 1.038 Total expense 70,988 Net operating income $ 83,012 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