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 $129,000 Revenue ($430.009) Expenses : Wages and salaries ($11,700 + $130.009) Supplies ($4.009) Equipment rental ($2,300 + $22.009) Insurance ($3,800) Miscellaneous ($540 + $1.449) Total expense Net operating income 50,700 1,200 8,900 3,800 972 65,572 $ 63,428 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 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