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 $156,000 Revenue ($390.00) Expenses: Wages and salaries ($11,700 + $124.089) Supplies ($5.00) Equipment rental ($2,300 + $21.089) Insurance ($3,800) Miscellaneous ($510 + $1.509) Total expense Net operating income 61,300 2,000 10,700 3,800 1, 110 78,910 $ 77,090 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 Actual diving-hours 390 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous