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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 are The company's planning budget for May appears below: 300 $129,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($430.000) Expenses: Wages and salaries ($11,200 + $122.00) Supplies ($5.00) Equipment rental ($2,000 + $25.009) Insurance ($4,000) Miscellaneous ($520 + $1.449) Total expense Net operating income 47,800 1,500 9,500 4,000 952 63, 752 $ 65,248 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 A 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income