Puget Sound Divers is a company tnat 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 (a) 300 129,000 Revenue ($430.00q) Expenses: Wages and salaries ($11,500$124.00q) Supplies ($5.00q) Equipment rental ($2,300$20.00q) Insurance ($4,000) Miscellaneous ($530 $1.46q) Total expense 48,700 1,500 8,300 4,000 968 63,468 $ 65,532 Net operating income 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 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