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) Revenue ($420.00) 250 $ 105,000 Expenses: Wages and salaries ($11,500 + $130.00q) Supplies ($3.009) Equipment rental ($2,100 + $24.009) Insurance ($4,100) Miscellaneous ($510 + $1.429) 44,000 750 8,100 4,100 865 Total expense 57,815 Net operating income $ 47,185 Required: During May, the company's activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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