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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 (9) 350 Revenue ($460.009) $161,000 Expenses: Wages and salaries ($11,200 + $120.00) 53,200 Supplies (55.00) 1,750 Equipment rental ($2,000 + $23.009) 10.050 Insurance ($3,900) 3,900 Miscellaneous (5530 - $2.469) 1.041 Total expense 69,942 Net operating income $ 91,059 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 number.) a 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