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: 400 $ 176,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($ 440.000) Expenses : Wages and salaries ($11,800 + $126.009) Supplies ($5.00) Equipment rental ($2,300 + $22.00g) Insurance ($4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 62,200 2,000 11,100 4,000 1,132 80, 432 $ 95,568 During May, the company's actual activity was 390 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