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 $117,000 Revenue ($390.009) Expenses: Wages and salaries ($11,300 + $122.009) Supplies ($4.00) Equipment rental ($2,200 + $22.009) Insurance ($3,900) Miscellaneous ($540 + $1.429) Total expense Net operating income 47,900 1,200 8,800 3,900 966 62,766 $ 54,234 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your an 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