12 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 0.71 points eBook 101 Hint Budgeted diving-hours (9) Revenue ($400.009) Expenses: Wages and salaries ($11,300 + $126.009) Supplies ($4.009) Equipment rental ($2,100 + $22.009) Insurance ($3,900) Miscellaneous ($520 + $1.449) Total expense Net operating income 350 $ 140,000 55,400 1,400 9,800 3,900 1,024 71,524 $ 68,476 Print References 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 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0