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) 250 $105,000 Revenue ($420.009) Expenses: Wages and salaries ($11,600 + $126.009) Supplies ($4.009) Equipment rental ($2,100 + $24.009) Insurance ($4,100) Miscellaneous ($510 + $1.469) Total expense 43,100 1,000 8,100 4,100 875 57,175 $ 47,825 Net operating income 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 0 Net operating income $ 0