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 (4) 250 $ 117,500 Revenue ($470.00g) Expenses: Wages and salaries ($11,700+ $130.00g) Supplies ($3.00q) Equipment rental ($2,200+ $25.00g) Insurance ($3,800) 44,200 750 8,450 3,500 885 58,085 $ 59,415 Miscellaneous ($520 + $1.469) Total expense Net operating income During May, the company's actual activity was 240 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 Budgeted diving hours Revenue $ Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 112,800 2,839,200 720 8,200 3,800 875 2,852,795 $ (2,739,995) ***