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) 200 $ 88,000 Revenue ($440.009) Expenses: Wages and salaries ($11,700 + $128.009) Supplies ($5.009) Equipment rental ($2,100 + $24.009) Insurance ($4,200) Miscellaneous ($540 + $1.489) Total expense 37,300 1,000 6,900 4,200 836 50,236 $ 37,764 Net operating income During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income