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) 200 $88,000 36,700 800 Revenue ($440.009) Expenses: Wages and salaries ($11,100 + $128.00) Supplies ($4.00) Equipment rental ($2,000 + $26.009) Insurance ($3,900) Miscellaneous ($500 + $1.509) Total expense Net operating income 7,200 3,900 800 49,400 $38,600 During May, the company's actual activity was 190 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