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 ($460.009) Expenses: Wages and salaries ($11,100 + $130.009) Supplies ($6.009) For the Month Ended May 31 Budgeted diving-hours (q) 300 $ 138,000 50,100 1,800 8,000 3,900 994 64,794 $ 73,206 Equipment rental ($2,000+ $20.009) Insurance ($3,900) Miscellaneous ($550 + $1.489) 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.) 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