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) Revenue ($470.009) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($4.009) Equipment rental ($2,400 + $25.009) Insurance ($3,900) Miscellaneous ($510 + $1.48q) Total expense Net operating income 250 $117,500 42,000 1,000 8,650 3,900 880 56,430 $ 61,070 During May, the company's actual activity was 240 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 Equipment rental Insurance Miscellaneous Total expense Net operating income