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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: 400 $ 172,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($430.00) Expenses : Wages and salaries ($11,200 + $128.00) Supplies ($5.009) Equipment rental ($2,200 + $22.009) Insurance ($3,900) Miscellaneous ($510 + $1.449) Total expense Net operating income 62,400 2,000 11,000 3,900 1,086 80, 386 $ 91,614 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) X Answer is not complete. Puget Sound Divers Flexible Budget For the Month Ended May 31 390 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 0 Total expense Net operating income $ 0