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 ($420.00) Expensest Wages and salaries ($11,200 + $122.00) Supplies (54.999) Equipment rental ($2,300 + $ 20.009) Insurance (53,900) Miscellaneous ($550 + $1.469) Total expense Net operating income 53,990 1.409 9.309 3,900 1,061 69,561_ $ 77,439 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.)