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: 400 $ 176,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($440.009) Expenses: Wages and salaries ($11,700 + $130.009) Supplies ($5.009) Equipment rental ($2,000 + $21.009) Insurance ($4,100) Miscellaneous ($520 + $1.489) Total expense Net operating income 63,700 2,000 10,400 4,100 1,112 81,312 $ 94,688 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 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