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 $ 164,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($470.009) Expenses: Wages and salaries ($11,500 + $124.009) Supplies ($4.009) Equipment rental ($2,100 + $21.009) Insurance ($4,100) Miscellaneous ($510 + $1.449) Total expense Net operating income 54,900 1,400 9,450 4,100 1,014 70,864 $ 93,636 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.) 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 Net operating income