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 $138, mee Revenue ($460.00) Expenses: Wages and salaries ($11,780 + $128.809) Supplies ($4.899) Equipment rental ($2,200 + $25.899) Insurance ($3,900) Miscellaneous ($538 + $1.509) Total expense 50, 100 1,200 9,700 3,900 980 65,888 Net operating income $ 72,120 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income S 0