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 (a) Revenue ($420.000) Expenses: Wages and salaries ($11,700 +$128.000) Supplies ($3.000) Equipment rental ($2,200 +$23.00) Insurance ($4,200) Miscellaneous ($520 +$1.440) Total expense Net operating income 350 $147,000 56,500 1,050 10,250 4,200 1,024 73,024 $73,976 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