Exercise 9-1 (Algo) Prepare a Flexible Budget (L09-1] 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 Diver Planning Budget For the Month Unded May 11 Nudgeted diving-hours 300 Revenue (0450.000) $135,000 Expenses Wages and salaries (511,600 - 5124.00) 48.000 Supplies (5.00) 1.500 Equipment rental (52,400 - $26.004) 10,200 Thorance (3.000) 3,000 Miscellaneous ($500 - 51.479) 926 Total expert 65.226 Het operating income $ 69,774 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 Revenue FA Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexiblo Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income