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 Revenue ($460.000) 138,000 $ 48,900 Expenses: Wages and salaries ($11,100 + $126.00) Supplies ($3.00) Equipment rental ($2,300 + $20.00) Insurance ($3,800) Miscellaneous ($510 + $1.469) 900 8,300 3,800 948 Total expense 62,848 Net operating income $ 75,152 Required: During May, the company's activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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