HEMIE Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 400 $160,000 Revenue ($400.089) Expenses: Wages and salaries (511,800 + $122.689) Supplies ($3.089) Equipment rental ($2,500 + $24.909) Insurance ($3,800) Miscellaneous ($540 + $1.449) Total expense Net operating income 60,600 1,200 12,100 3,800 1, 116 78,816 $ 81,184 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 salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income