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) 356 Revenue ($450.000) $157,500 Expenses: Wages and salaries ($11,900 + $120.00) 53,900 Supplies ($3.00) 1,05 Equipment rental ($2,300 + $23.089) 10,350 Insurance ($4,200) 4,200 Miscellaneous ($530 + $1.489) 1,048 Total expense 70,548 Net operating income $ 86,952 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