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 (a) 250 $102,5ep Revenue (5410.869) Expenses: Wages and salaries ($11,700 + $126.099) Supplies (53.089) Equipment rental ($2,500 + $25.009) Insurance ($4,000) Miscellaneous (5530 + $1.429) Total expense Net operating income 43,200 750 8,750 4,000 885 57,585 $ 44,915 During May, the company's actual activity was 240 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