1 10 points 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) 250 Skipped $ 97,500 eBook Revenue ($390.009) Expenses: Wages and salaries ($11,600 + $122.009) Supplies ($5.009) Equipment rental ($2,000 + $26.009) Insurance ($4,100) Miscellaneous ($520 + $1.48g) Total expense Net operating income 42,100 1,250 8,500 4,100 990 56,840 $ 40,660 Hint Print During May, the company's actual activity was 240 diving-hours. References 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 0 Total expense Net operating income $ 0