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: 300 $ 138,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (a) Revenue ($460.000) Expenses Wages and salaries ($11,400 - $130.000) Supplies (54.289) Equipment rental ($2,200 $21.00) Insurance ($3,800) Miscellaneous ($510 + $1.484) Total expense Net operating income 50,400 1,200 8,500 3,800 954 60854 $ 73,146 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.)