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 Budgeted diving-hours (9) Revenue ($410.009) Expenses: Wages and salaries ($11,800 + $128.009) For the Month Ended May 31 300 $ 123,000 50,200 900 8,500 4,000 974 64,574 $ 58,426 Supplies ($3.009) Equipment rental ($2,200 + $21.009) Insurance ($4,000) Miscellaneous ($530 +$1.48q) Total expense Net operating income 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 dollar.) Revenue Puget Sound Divers Flexible Budget For the Month Ended May 31 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0