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 Revenue ($390.00g) Expenses: Wages and salaries ($11,200+ $120.00g) Supplies ($3.00g) For the Month Ended May 31 Budgeted diving-hours (q) 350 $ 136,500 53,200 1,050 9,200 4,000 1,027 68,477 $ 68,023 Equipment rental ($2,200 + $20.00g) Insurance ($4,000) Miscellaneous ($530 +$1.42q) Total expense Net operating income 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 0 Net operating income $ 0