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) 350 $147,000 Revenue ($420.009) Expenses: Wages and salaries ($11,500 + $124.00m) Supplies ($6.009) Equipment rental ($2,100 + $24.009) Insurance ($4,000) Miscellaneous ($520 + $1.429) Total expense Net operating income 54,900 2,100 10,500 4,000 1,017 72,517 $ 74,483 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