Exercise 9-1 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 tnded May 31 Budgeted diving-hours (9) 200 Revenue ($450.000) $190.000 Expenses Wages and salaries ($11,100 + $126.000) 36,300 Supplies ($3.000) 600 Equipment rental ($2,100 - $20.009) 6,100 Insurance ($4,000) 4.000 Miscellaneous ($510 + $1.509) 810 Total expense 47.810 Net operating income $ 42,190 During May, the company's actual activity was 190 diving-hours. Was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salarios Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income