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 31:47 ed ok nt Budgeted diving-hours (q) Revenue ($440.00g) Expenses: Wages and salaries ($11,600 + $128.00g) Supplies ($5.00g) Equipment rental ($2,200 + $22.00g) Insurance ($4,100) Miscellaneous ($510 + $1.44q) Total expense Net operating income 350 $ 154,000 56,400 1,750 9,900 4,100 1,014 73,164 $ 80,836 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 dollar.) int 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 0 Net operating income $ 0