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) 300 $ 123,000 Revenue ($410.00) Expenses: Wages and salaries ($11,100 + $128.00) Supplies ($3.009) Equipment rental ($2,500 + $ 22.00) Insurance ($4,100) Miscellaneous ($530 + $1.469) Total expense Net operating income 49,500 900 9,100 4,100 968 64,568 $ 58, 432 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 dollar.) 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