100 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 Inded May 31 Budgeted diving-hours (9) Revenue (5365.000 $36,500 Expenses Wages and salaries ($1,000+ $125.000) 20,500 Supplies ($3.000) 300 Hiquipment rental (51,800 + $32.009) 5,000 Insurance (5), 400) 3.400 Miscellaneous (5630 + $1.809) 810 Total expense 30,010 Not operating income $ 6,490 + During May, the company's actual activity was 105 dieng-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31