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: 350 $154,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($440.009) Expenses: Wages and salaries ($11,700 + $126.009) Supplies ($5.009) Equipment rental ($2,500 + $22.00) Insurance ($4,100) Miscellaneous ($540 + $1.469) Total expense Net operating income 55,800 1,750 10,200 4,100 1,051 72,901 $ 81,099 During May, the company's actual activity was 340 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