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 (q) 250 $97,500 Revenue ($390.00g) Expenses: Wages and salaries ($11,700 + $124.009) Supplies ($6.009) Equipment rental ($2,500 + $21.009) Insurance ($3,800) Miscellaneous ($540 + $1.489) Total expense Net operating income 42,700 1,500 7,750 3,800 910 56,660 $ 40,840 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