Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound are The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours ) 350 Revenue ($390.689) $136,500 Expenses: Wages and salaries ($11,380 + $120.00) 53,300 Supplies ($6.689) 2,100 Equipment rental ($2,300 - $22.989) 10,890 Insurance ($4,000) 4,000 Miscellaneous ($510 + $1.469) 1,621 Total expense 70,421 Net operating incone $ 66,079 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 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