Ch 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) 400 Revenue ($430.009) $172,000 Expenses: Wages and salaries ($11,000 - $128.009) 62,200 Supplies ($5.009) 2,000 Equipment rental ($2,400 - $26.009) 12,800 Insurance ($4,200) 4, 200 Miscellaneous (5550 + $1.509) 1,150 Total expense 82.350 $ 89,650 Net operating income During May, the company's actual activity was 390 diving-hours. Total expense Net operating income 82,350 $ 89,650 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 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income