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 $184,000 Revenue ($460.000) Expenses: Wages and salaries ($11,800 + $124.009) Supplies ($5.909) Equipment rental ($2,200 + $25.009) Insurance ($4,000) Miscellaneous ($510 + $1.429) Total expense Net operating income 61,400 2,000 12,200 4,000 1,078 80,678 $103,322 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 dollar.) Prepare a flexible budget for May. (Round your a Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental MIUI Insurance Miscellaneous Total expense Net operating income