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 (g) Revenue ($450.00g). Expenses: Wages and salaries ($11,600 +$122.00g) Supplies ($4.00g) Equipment rental ($2,300 + $22.00g) Insurance ($4,000) Miscellaneous ($540 +$1.48q) Total expense Net operating income 400 $ 180,000 60,400 1,600 11,100 4,000 1,132 78,232 $101,768 During May, the company's actual activity was 390 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 311 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense