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) 250 Revenue $460.000) 5. 115,000 Expenses: Wages and salaries ($11,400 - $130.000) 43,900 Supplies ($6.000) 1,500 Equipment rental ($2,500 + $24.009) 8,500 Insurance ($4,100) 4,100 Miscellaneous ($530 A $1.449) 890 Total expense 58.890 Net operating income $ 56,110 During May, the company's actual activity was 240 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 Insurance ($4,100) Miscellaneous ($530 + $1.449) Total expense Net operating income 4,100 890 58,890 $ 56,110 During May, the company's actual activity was 240 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