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) 300 Revenue ($430.00g) $ 129,000 Expenses: Wages and salaries ($11,100+ $120.00g) 47,100 Supplies ($5.00g) 1,500 Equipment rental ($2,200 + $24.00g) 9,400 Insurance ($4,000) 4,000 Miscellaneous ($500 + $1.48g) 944 Total expense 62,944 $ 66,056 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income