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 $188,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (a) Revenue ($470.00) Expenses: Wages and salaries ($11,800 + $122.00) Supplies ($4.00) Equipment rental ($2,100 + $21.00) Insurance ($4, 100) Miscellaneous $510 + $1.489) Total expense Net operating income 60,600 1,600 10,500 4,100 1,102 77,902 $110,098 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 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