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 $ 147,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($420.00) Expenses: Wages and salaries ($11,800 + $128.009) Supplies ($6.009) Equipment rental ($2,000 + $26.009) Insurance ($3,900) Miscellaneous ($520 + $1.449) Total expense Net operating income 56,600 2,100 11,100 3,900 1,024 74,724 $ 72,276 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 0 $ 0