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) 300 $ 129,000 Revenue ($430.009) Expenses : Wages and salaries ($11,200 + $122.00) Supplies ($5.009) Equipment rental ($2,300 + $ 21.00) Insurance ($4,000) Miscellaneous ($550 + $1.449) Total expense Net operating income 47,800 1,500 8,600 4,000 982 62,882 $ 66,118 During May, the company's actual activity was 290 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