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: ok Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 at $110,000 Revenue ($440.009) Expenses Wages and salaries ($11,100 + $120.00) Supplies ($5.000) Equipment rental ($2,400 + $22.009) Insurance ($3,900) Miscellaneous ($530 + $1.449) Total expense Net operating income 41,100 1,250 7,900 3,900 890 55,040 $ 54,960 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)