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: 300 $ 135,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (a) Revenue 450.000) Expennest Wages and salaries (511,600 + $126.004) Supplies (54.009) quipment rental (92.000 - 021.000) Insurance (54.100) Miscellaneous (5550 - $1.500) Total expense sot operating Income cos 49,400 1,200 8.300 4.100 1.000 64,000 71.000 During May, the company's actual activity was 290 diving hours Remedi winny rug, un puing wuluu my "www.y .UM. Required: Prepare a flexible budget for May. (Round your answers to the nearest a 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