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) 40e $160,000 Revenue ($480.80) Expenses: Wages and salaries ($11,688 + $124.80) Supplies ($6.689) Equipment rental ($2,300 + $21.289) Insurance ($3,800) Miscellaneous ($548 + $1.449) Total expense Net operating income 61,200 2,400 12,700 3,800 1, 116 79,216 $ 80,784 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 0 Net operating income S 0