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 $152,000 Revenue ($380.009) Expenses: Wages and salaries ($12,000 + $124.009) Supplies ($5.009) Equipment rental ($2,300 + $24.009) Insurance ($3,800) Miscellaneous ($520 + $1.50q) Total expense Net operating income 61,600 2,000 11,900 3,800 1,120 80, 420 $ 71,580 During May, the company's actual activity was 390 diving-hours. Dauired. 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