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 $135,000 49,400 1,200 Revenue ($450.000) Expenses: Wages and salaries ($11,600 + $126.009) Supplies ($4.00) Equipment rental ($2,100 + $23.009) Insurance ($ 4,000) Miscellaneous ($530 + $1.509) Total expense Net operating income 9,000 4,000 980 64,580 $ 70, 420 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 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