es 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 (g) 350 Revenue ($400.00q) Expenses: Wages and salaries ($11,800 +$128.00g) Supplies ($4.00g) Equipment rental ($2,100 + $20.00g) Insurance ($4,000) Miscellaneous ($510 +$1.44q) Total expense Net operating income $ 140,000 56,600 1,400 9,100 4,000 1,014 72,114 $ 67,886 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) During May, the company's actual activity was 340 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $