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) 200 $ 90,000 Revenue ($450.000) Expenses: Wages and salaries ($11,400 + $126.009) Supplies ($4.009) Equipment rental ($2,100 + $25.000) Insurance ($4,100) Miscellaneous ($530 + $1.469) Total expense Net operating income 36,600 800 7,100 4,100 822 49,422 $ 40,578 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue 5 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 $ 0 Net operating income