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) 400 $180,000 Revenue ($450.000) Expenses: Wages and salaries ($11,500 + $128.009) Supplies ($6.000) Equipment rental ($2,000 + $25.000) Insurance ($4, 100) Miscellaneous ($510 + $1.429) Total expense Net operating income 62,700 2,400 12,000 4,100 1,078 82,278 $ 97,722 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 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income