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 (g) Revenue ($400.00g) Expenses: Wages and salaries ($11,100 + $122.00g) Supplies ($5.00g) Equipment rental ($2,300 + $23.00g) Insurance ($4,200) Miscellaneous ($550 + $1.50g) Total expense Net operating income 350 $ 140,000 Puget Sound Divers Flexible Budget 53,800 1,750 10,350 4,200 1,075 71,175 $ 68,825 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.