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) 308 Revenue ($400.000) $ 120,000 Expenses: Wages and salaries ($11,100+ $120.00) 49,500 Supplies ($5.009) 1,500 Equipment rentat ($2,000+ $23.809) 8,900 Insurance ($4,000) 4,000 Miscellaneous (5510 - $1.449) 942 Total expense 64,842 Net operating income $ 55,158 During May, the company's actual activity was 290 diving-hours. Required: Prepare o 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 Supples Equipment rental Insurance Miscellaneous Total expense Net operating income