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) 300 Revenue ($430.009) Expenses: Wages and salaries ($11,500 + $120.009) Supplies ($4.009) Equipment rental ($2,300 + $22.009) Insurance ($4,000) Miscellaneous ($540 + $1.469) Total expense Net operating income $ 129,000 47,500 1,200 8,900 4,000 978 62,578 $ 66,422 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 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