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 ($390.000) 400 $156,000 60,300 Expenses: Wages and salaries ($11,500+ $122.000) Supplies ($3.000) Equipment rental ($2,400 + $25.000) Insurance ($3,900) Miscellaneous ($510 + $1.440) 1,200 12,400 3,900 1,086 Total expense 78,886 Net operating income $ 77,114 Required: During May, the company's activity was actually 390 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 $ 0