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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: 300 $138,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($460.009) Expenses : Wages and salaries ($11,100 + $128.000) Supplies ($3.009) Equipment rental ($2,500 + $20.009) Insurance ($4,100) Miscellaneous ($520 + $1.449) Total expense Net operating income 49,500 900 8,500 4,100 952 63,952 $ 74,048 During May, the company's actual activity was 290 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 Required: Prepare a flexible budget for May. (Round your answe Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental 5 Insurance Miscellaneous 0 Total expense Net operating income $ 0