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: 400 $ 172,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue $430.000) Expenses: Wages and salaries ($11,200 + $130.00) Supplies ($4.00) Equipment rental ($2,300 + $25.00q) Insurance ($3,900) Miscellaneous $530 + $1.50q) Total expense Net operating income 63,200 1,600 12,300 3,900 1,130 82,130 $ 89,870 During May, the company's actual activity was 390 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 $ 172,000 Expenses: Wages and salaries Supplies Equipment rental Insurance