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 $176.099 Revenue ($440.809) Expenses: Wages and salaries ($11,200 + $128.809) Supplies ($3.889) Equipment rental ($2,100 + $21.899) Insurance ($4,200) Miscellaneous ($530 + $1.489) Total expense 62,400 1,200 10,500 4,200 1,122 79,422 $ 96,578 Net operating income 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 Net operating income