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) 400 $ 168,000 Revenue ($420.009) Expenses: Wages and salaries ($11,600 + $126.009) Supplies ($3.009) Equipment rental ($2,400 + $21.009) Insurance ($3,900) Miscellaneous ($500 + $1.489) Total expense Net operating income 62,000 1,200 10,800 3,900 1,092 78,992 $ 89,008 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