300 $123,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.009) Expenses: Wages and salaries ($11,200 + $126.000) Supplies ($6.009) Equipment rental ($2,200 + $24.009) Insurance ($4,200) Miscellaneous ($500 + $1.449) Total expense Net operating income 49,000 1,800 9,400 4,200 932 65,332 $ 57,668 During May, the company's actual activity was 290 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 0