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) 250 $ 97,500 Revenue ($390.009) Expenses: Wages and salaries ($11,400 + $122.009) Supplies ($5.009) Equipment rental ($2,300 + $26.009) Insurance ($3,800) Miscellaneous ($500 + $1.449) Total expense Net operating income 41,900 1,250 8,800 3,800 860 56,610 $ 40,890 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.) 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