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) Revenue ($440.00) 300 $ 132,000 49,400 Expenses: Wages and salaries ($11,600 + $126.000) Supplies ($4.000) Equipment rental ($2,300 + $ 21.000) Insurance ($3,900) Miscellaneous ($520 + $1.460) 1,200 8,600 3,900 958 64,058 Total expense Net operating income $67,942 Required: During May, the company's activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity. 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 0 S 0