1 7.42 points 4ea 5 184. Book 2,00 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) Revenue (460.000) Expenses: Wages and salaries ($11,300 - $122.ee) 6e, 100 Supplies ($5.a) Equipment rental ($2,300 + $26.ee) 12,700 Insurance ($4,100) 4,108 Miscellaneous (5540 + 51.449) 1,116 Total expense 80,016 $ 103,984 Net operating income 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 doller.) Ask Print References Puget Sound Divers Flexible Budget For the Month Ended May 31 $ 184.000 52.541 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous 2.300 14 280 4.100 1.202 Total expense 74.403 Net operating income $ 109,507