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) 200 Revenue ($460.000) $ 92,000 Expenses: Wages and salaries ($11, 600 + $128.000) 37,200 Supplies ($4.009) 800 Equipment rental ($2,400 + $22.009) 6,800 Insurance ($4,100) 4,100 Miscellaneous ($530 + $1.489) Total expense 49,726 Net operating income $ 42,274 + 826 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 190 87,400 Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 $ 87,400