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) 350 $133,000 Revenue ($380.009) Expenses: Wages and salaries ($11,500 + $120.00) Supplies ($6.000) Equipment rental ($2,100 - $25.00) Insurance ($3,900) Miscellaneous (5500 - $1.449) Total expense 53,500 2,100 10,850 3,900 1,004 71,354 $ 61,646 Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the nearest whole number.)