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 $117,500 Revenue ($470.00) Expenses Wages and salaries ($11,600 + $122.009) Supplies ($4.000) Equipment rental ($2,200 + $24.009) Insurance ($4,100) Miscellaneous ($510 + $1.449) Total expense Net operating income 42,100 1,000 8,200 4,100 870 56,270 $ 61,230 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.)