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 $ 143,500 Revenue ($410.000) Expenses: Wages and salaries ($11,200 + $128.00q) Supplies ($5.00q) Equipment rental ($2,400 + $22.007) Insurance ($4,000) Miscellaneous ($540 + $1.429) Total expense 56,000 1,750 10,100 4,000 1,037 72,887 $ 70,613 Net operating income 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