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) 300 $ 138,000 Revenue ($460.00) Expenses! Wages and salaries ($11,100 + $128.00g) Supplies ($5.009) Equipment rental ($2,200 + $23.00) Insurance ($3,900) Miscellaneous ($540 + $1.489) Total expense Net operating income 49,500 1,500 9.100 3.900 984 64.984 $ 73,016 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income