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 (9) 350 $154,000 Revenue ($440.00g) Expenses: Wages and salaries ($11,200 + $128.00g) Supplies ($3.009) Equipment rental ($2,200 + $21.009) Insurance ($4,000) Miscellaneous ($530 + $1.48g) Total expense Net operating income 56,000 1,050 9,550 4,000 1,048 71,648 $ 92,352 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income