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 Revenue ($480.00q) Expenses: Wages and salaries ($11,900 + $128.009) Supplies ($5.00) For the Month Ended May 31 Budgeted diving-hours (9) 300 $ 144,000 50,300 1,500 9,100 4,100 972 65,972 $ 78,028 Equipment rental ($2,200+ $23.009) Insurance ($4,100) Miscellaneous ($540 + $1.444) Total expense Net operating income During May, the company's actual activity was 290 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 Actual diving-hours Revenue $ 105,600 Expenses: Wages and salaries 21,125 Supplies 315 Equipment rental 5,160 Insurance 3,400 Miscellaneous 819 Total expense 30,819 Net operating income $ 74,781