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 (4) 200 Revenue ($450.00) 50,000 Expenses Wages and salaries ($11,700 $124.00) 36,500 Supplies ($3.00) 600 Equipment rental ($2,100 $25.00 7,100 Insurance ($3,900) 3,900 Miscellaneous (0540 $3.44) 928 40,928 $41,072 Total expense Set operating income During May, the company's actual activity was 190 diving-hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Revenue Puget Sound Divers Flexible Budget For the Month Ended May 31 Expenses Wages and salaries Supplies Equipment rental Insurance Macallaneous Total expense Net operating income $