Chec 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 (5480.000) $120,000 Expennest Wages and malaries ($11,000+ $120.00) 41,800 Supplies ($6.000) 1,500 Iquipment rental (62,200 $26.009) 8,700 Insurance (54,200) Miscellaneoun (6510 $1.420) Total expense 57 065 Not operating income $ 62,935 4,200 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 0 Net operating income $