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: points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 eBook $161,000 Hint Revenue ($460.00) Expenses: Wages and salaries ($11,400 + $124.00) Supplies ($3.00q) Equipment rental ($2,400 + $ 24.00g) Insurance ($4,000) Miscellaneous ($520 + $1.42) Total expense Print 54,800 1,050 10,800 4,000 1,017 71,667 $ 89,333 References Net operating income 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 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