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 (q) Revenue ($450.00g) Expenses Wages and salaries (511,800 +$128.00g) Supplies (54.00g) Equipment rental ($2,400 +$25.00) Insurance ($4,000) Miscellaneous (5510 +$1.50g) Total expense Net operating income 200 $ 90,000 37,400 800 7,400. 4,000 810 50,410 $ 39,590 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 200 $ 90,000 Total expense 0 Net operating income $ 90,000