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) 300 $132,000 Revenue ($448.009) Expenses: Wages and salaries ($11,200 + $126.009) Supplies ($4.009) Equipment rental ($2,500 + $21.009) Insurance ($4,000) Miscellaneous ($510 + $1.489) Total expense Net operating income 49,000 1,200 8,800 4,000 954 63,954 $ 68,046 During May, the company's actual activity was 290 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 0 Net operating income 0 $