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) 250 Revenue ($380.00) $ 95,000 Expenses: Wages and salaries ($12,000 + $126.009) 43,500 Supplies ($5.000) 1,250 Equipment rental ($2,200 + $24.00) 8,200 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.489) 880 Total expense 57,730 Net operating income $ 37,270 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 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