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) 300 $126,000 Revenue ($420.00) Expenses: Wages and salaries ($11,188 + $126.809) Supplies ($5.889) Equipment rental ($2,400 + $22.889) Insurance ($3,980) Miscellaneous ($530 + $1.469) Total expense Net operating income 48, 980 1,500 9, see 3,900 968 64, 268 $ 61,732 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 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