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: 350 $143,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.000) Expenses: Wages and salaries ($11,500 + $130.00) Supplies ($6.009) Equipment rental ($2,400 + $ 25.00g) Insurance ($3,900) Miscellaneous ($520 + $1.509) Total expense Net operating income 57,000 2,100 11,150 3,900 1,045 75,195 $ 68,305 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 Actual diving-hours 350 $ 143,500 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 143,500