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 $112,500 Revenue ($450.009) Expenses: Wages and salaries ($11,000 + $130.00q) Supplies ($5.000) Equipment rental ($2,400 + $25.000) Insurance ($4,100) Miscellaneous $510 + $1.489) Total expense Net operating income 43,500 1,250 8,650 4,100 880 58,380 $ 54, 120 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 number.) 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