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) 350 Revenue ($420.009) Expenses: Wages and salaries ($11,200 + $120.009) Supplies ($5.009) Equipment rental ($2,500+ $20.009) Insurance ($4,100) Miscellaneous ($520 + $1.50q) Total expense Net operating income $ 147,000 53,200 1,750 9,500 4,100 1,045 69,595 $ 77,405 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