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: 300 $ 117,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($390.009) Expenses: Wages and salaries ($11,300 + $124.009) Supplies ($5.009) Equipment rental ($2,100 + $21.00) Insurance ($4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 48,500 1,500 8,400 4,000 984 63,384 $ 53,616 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.)