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) 400 $176,000 Revenue ($440.00) Expenses: Wages and salaries ($11,300 + $128.009) Supplies ($4.00) Equipment rental ($2,200 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.449) Total expense Net operating income 62,500 1,600 11,800 4,000 1,086 80,986 $ 95,014 During May, the company's actual activity was 390 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