Exercise 9-1 (Algo) Prepare a Flexible Budget (L09-11 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound atea. The company's planning budget for May appears below: 100 $180,000 Puget Sound Divers Planning Budget For the Month Ended May 1 Budgeted diving hours (m) Hevenue ($450.000) Expenses Wages and salaries (511,380 - $122.004) Supplies (54.000) Equipment rental (52,200 $21.000) Insurance ($3,900) Miscellaneous (5520 - $1.464) Total expense Net operating income 60, 100 1,600 10,000 3,900 1.10 07, 304 $102,696 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 number.) 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 number) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salanes Supplies Equipment rental Insurance Miscellaneous 0 Total expenso Not operating income $ 0