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) 400 $ 168,000 Revenue ($420.009) Expenses: Wages and salaries ($11,500 + $128.009) Supplies ($4.009) Equipment rental ($2,300 + $23.009) Insurance ($ 4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 62,700 1,600 11,500 4,000 1,132 80,932 $ 87,068 During May, the company's actual activity was 390 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 O Net operating income $ 0