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 31 400 $ 176,000 Budgeted diving-hours (g) Revenue ($440.00g) Expenses: Wages and salaries ($11,500 + $130.00g) Supplies ($3.00g) Equipment rental ($2,100 + $21.00g) Insurance ($4,100) Miscellaneous ($520 + $1.44g) Total expense Net operating income 63,500 1,200 10,500 4,100 1,096 80,396 $ 95,604 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 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0