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. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 350 Revenue ($390.000) $ 136,500 Expenses Wages and salaries ($11,706 + $128.009) 56,500 Supplies ($5.00g) 1,750 Equipment rental ($2,100 + $23.009) 10,150 Insurance ($4,100) 4,100 Miscellaneous ($550 + $1.489) 1,068 Total expense 73,568 Net operating income $ 62,932 kipped eBook Hint Print eferences During May, the company's actual activity was 340 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 Saved CH. 9 - FLEXIBLE BUDGETS During May, the company's actual activity was 340 diving-hours. 1 Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) points Puget Sound Divers Flexible Budget For the Month Ended May 31 Skipped eBook Revenue Hint Print References Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income