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) 300 $117,000 Revenue ($390.009) Expenses: Wages and salaries ($11,200 + $124.009) Supplies ($4.009) Equipment rental ($2,500 + $25.00) Insurance ($4,000) Miscellaneous ($520 + $1.489) Total expense 48,400 1,200 10,000 4,000 964 64,564 $ 52,436 Net operating income During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)