250 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) Revenue ($470.000) $117,5ee Expenses: Wages and salaries ($11,108 + $124.689) 42,100 Supplies ($4.000) 1, eee Equipment rental ($2,300 + $24.089) 8,360 Insurance ($4, eee) Miscellaneous ($550 + $1.469) Total expense 56, 315 $ 61,185 Net operating income 4, een 915 During May, the company's actual activity was 240 diving-hours. During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0