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 $135,000 Revenue ($450.009) Expenses : Wages and salaries ($12,000+ $128.099) Supplies ($4.00) Equipment rental ($2,400 + $22.009) Insurance ($3,900) Miscellaneous ($540 + $1.449) Total expense Net operating income 50,400 1,200 9,000 3,900 972 65,472 $ 69,528 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 Revenue Expenses Wages and salaries Supplies