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) 250 Revenue (5410.08) $102,500 Expenses: Wages and salaries ($11,480 + $128.689) 43,400 Supplies ($3.689) 750 Equipment rental ($2,200 - $25.089) 8,450 Insurance ($3,800) 3,800 Miscellaneous ($530 - $1.469) 895 Total expense 57,295 Net operating income $ 45, 205 During May, the company's actual activity was 240 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 salarios Supplies Equipment rental Insurance Miscellaneous Total expense Nat operating income