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 (q) Revenue ($430.00) Expenses: Wages and salaries ($11,100 +$124.009) Supplies ($4.009) Equipment rental ($2,400 +$22.009) Insurance ($4,000) Hiscellaneous ($540 +$1.484) Total expense Net operating Income 400 $172,000 60,700 1,600 11,200 4,000 1,132 78,632 $93,368 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous $ 167,700 Total expense Net operating income $ 167,700