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 ($390.00g) $117,000 Expenses: Wages and salaries ($11,700 + $122.00g) 48,300 Supplies ($5.00g) 1,500 Equipment rental ($2,000 + $23.00g) Insurance ($3,900) Miscellaneous ($520 +$1.44q) Total expense Net operating income 8,900 3,900 952 63,552 $ 53,448 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.) 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