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) 250 Revenue ($400.000) $100,000 Expenses: Wages and salaries ($11,500 + $130.000) 44,000 Supplies ($3.00) 750 Equipment rental ($2,400 + $24.00) 8,400 Insurance ($4,000) 4,000 Miscellaneous ($530 + $1.489) 900 Total expense 58,050 Net operating income $ 41,950 Required: During May, the company's activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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