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 (g) 350 $157,500 Revenue ($450.00q) Expenses: Wages and salaries ($11,300 $128.00g) Supplies ($5.00q) Equipment rental ($2,300 $26.00q) Insurance ($4,200) Miscellaneous ($520 $1.50q) 56,100 1,750 11,400 4,200 1,045 74,495 $83,005 Total expense 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.)