1 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 5 ante Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving hours (9) 200 $16000 Bool Revenue (5430.000) Expenses Wages and salaries (511,100 + $122.00) Supplies ($5.009) Equipsent rental (52,100 - $22.004) Insurance (54.100) Miscellaneous (5510 - $1.449) Total expense Net operating income Hint 35,500 1.000 6,500 4,100 798 6789 530,102 Print 0 eferences During May, the company's actual activity was 190 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 Actual diving-hours Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous 0 Total expense Net operating income $ 0