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) 350 $154,000 Revenue ($440.009) Expenses : Wages and salaries ($11,800 + $120.00) Supplies ($3.00) Equipment rental ($2,300 + $23.00) Insurance ($4,000) Miscellaneous ($540 + $1.469) Total expense Net operating income 53,800 1,050 10, 350 4,000 1,051 70, 251 $ 83, 749 During May, the company's actual activity was 340 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 0 Total expense Net operating income $ 0