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 (g) 350 Revenue ($480.00g) $ 168,000 Expenses: Wages and salaries ($11,700 +$124.00g) 55,100 1,400 Supplies ($4.00g) Equipment rental ($2,300 + $23.00g) 10,350 Insurance ($3,900) 3,900 Miscellaneous ($520 + $1.44g) 1,024 Total expense 71,774 Net operating income $ 96,226 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 340 0 0