300 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 () Revenue ($460.000) $138.000 Expenses Wapes and salaries ($11,000 $120.00) 49,400 Supplies (55.000) Equipment rental ($2,100 - $22.00) 8,700 Insurance ($4,100) 4,100 Miscellaneous (5520 51.424) 946 Total expense 64.646 Het operating income $ 73,354 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 s Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income