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 $168,000 Revenue ($420.009) Expenses: Wages and salaries ($11,800 + $130.009) Supplies ($5.009) Equipment rental ($2,400 + $ 21.009) Insurance ($3,900) Miscellaneous ($520 + $1.509) Total expense Net operating income 63,800 2,000 10,800 3,900 1,120 81,620 $ 86,380 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 Total expense 0 Net operating income $ 0