Exercise 9-1 (Algo) Prepare a Flexible Budget (LO9-1) 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 Divers Planning Budget For the Month Ended May 31 Budgeted diving hours (0) 200 Revenue ($430.000) $ 86,000 Expenses: Wages and salaries (511,700 - $126.000) 36,900 Supplies ($6.000) 1,200 Equipment rental ($2,300 $23.009) 6,900 Insurance ($4,000) Miscellaneous ($540 - $1.449) 828 Total expense 49,328 Net operating income $36,172 4,000 During May, the company's actual activity was 190 diving hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number 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