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) 200 Revenue ($390.009) Expenses: Wages and salaries ($11,400 + $124.009) Supplies ($6.009) Equipment rental ($2,100 + $21.009) Insurance ($4,200) Miscellaneous ($540 + $1.509) Total expense Net operating income $ 78,000 36,200 1,200 6,300 4,200 840 48,740 $ 29,260 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 69 0 0