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: 300 $ 114,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($380.009) Expenses: Wages and salaries ($11,600 + $124.00) Supplies ($6.009) Equipment rental ($2,400 + $25.00) Insurance ($3,900) Miscellaneous ($540 + $1.449) Total expense Net operating income 48,800 1,800 9,900 3,900 972 65, 372 $ 48,628 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