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) 350 $ 143,500 Revenue ($410.00g) Expenses: Wages and salaries ($11,700 + $122.00 g) Supplies ($5.00) Equipment rental ($2,100 + $23.00 g) Insurance ($3,900) Miscellaneous ($500 + $1.48g) Total expense Net operating income 54, 400 1,750 10, 150 3,900 1,018 71,218 $ 72, 282 During May, the company's actual activity was 340 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