15 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: 8 points 200 $ 88,000 eBook Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($440.989) Expenses: Wages and salaries ($11,600 + $128.009) Supplies ($4.009) Equipment rental ($2,400 + $ 24.009) Insurance ($4,200) Miscellaneous ($530 + $1.449) Total expense Net operating income 37,200 800 7,200 4,200 818 50,218 $ 37,782 Hint Print . During May, the company's actual activity was 190 diving-hours. References 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 Net operating income $ 0