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) 300 $129,000 Revenue ($430.009) Expenses: Wages and salaries ($11,200 $130.000) Supplies ($6.009) Equipment rental ($2,200 + $26.009) Insurance ($4,000) Miscellaneous ($550 + $1.469) Total expense Net operating income 50,200 1,800 10,000 4,000 988 66,988 $ 62,012 During May, the company's actual activity was 290 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 0