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 (q) 250 Revenue ($380.000) $ 95,000 Expenses: Wages and salaries ($11,600 + $126.009) 43, 100 Supplies ($3.009) 750 Equipment rental ($2,300 + $22.009) 7,800 Insurance ($3,900) 3,900 Miscellaneous ($540 + $1.489) 910 Total expense 56, 460 Net operating income $ 38,540 During May, the company's actual activity was 240 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