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: 350 $ 154,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($ 440.00) Expenses: Wages and salaries ($11,000 + $126.00) Supplies ($5.00) Equipment rental ($2,000 + $22.00) Insurance ($3,900) Miscellaneous ($540 + $1.469) Total expense Net operating income 55,100 1,750 9,700 3,900 1,051 71,501 $ 82,499 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 dollar.) 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