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) 350 $140,000 Revenue ($400.009) Expenses Wages and salaries ($11,600 + $128.009) Supplies ($3.00) Equipment rental ($2,300 + $25.00) Insurance ($4,200) Miscellaneous ($550 - $1.429) Total expense Net operating income 56,400 1,050 11,050 4,200 1,047 73,747 $ 66,253 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.) 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income