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 Mary appears below: Per Sound Divers Planning Budget for the Month Ended May 31 Budgeted diving hours (o) 350 Revenue ($430.000) $150, SNO Expenses Wages and salaries ($11.500.5124.00 54,900 Supplies ($4.00) 1,400 Equipment rental ($2,100+ $21.000) 9,650 Insurance ($3,900) 3.900 Miscellaneous (5520 . $1.42) 1,017 Total expense 70,67 Net operating income $ 79,633 During May, the company's actual activity was 340 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