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) 350 $147,000 Revenue ($420.00) Expenses : Wages and salaries ($11,380 + $122.ee) Supplies ($5.089) Equipment rental ($2,100 - $24.009) Insurance ($3,880) Miscellaneous ($540 + $1.449) Total expense Net operating income 54,000 1,750 10,500 3,880 1,044 71,094 $ 75,906 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)