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 (g) 300 $138,000 Revenue ($460.009) Expenses: Wages and salaries ($11,500 + $130.00) Supplies ($4.00) Equipment rental ($2,200 + $21.009) Insurance ($4,200) Miscellaneous ($530 + $1.469) Total expense Net operating income 50,500 1,200 8,500 4,200 968 65,368 $ 72,632 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0