1 1.5 points eBook 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 (q) 250 Revenue ($420.00) $ 105,000 Expenses: Wages and salaries ($11,000 + $130.00) 43,500 Supplies ($3.009) 750 Equipment rental ($2,000 + $22.009) 7,500 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.469) 875 Total expense 56,525 Net operating income $ 48, 475 Hint Print Reference o Reference During May, the company's actual activity was 240 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 Net operating income