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 31 400 $ 188,000 Budgeted diving-hours (q) Revenue ($470.009) Expenses: Wages and salaries ($11,600 +$124.009) Supplies ($6.00) Equipment rental ($2,000 +$24.009) Insurance ($4,100) Miscellaneous ($510 +$1.42q) Total expense Net operating income 61,200 2,400 11,600 4,100 1,078 80,378 $ 107,622 During May, the company's actual activity was 390 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: nevenue (vy Expenses: Wages and salaries ($11,600 +$124.009) 61,200 Supplies ($6.00q) 2,400 Equipment rental ($2,000 +$24.009) 11,600 Insurance ($4,100) 4,100 Miscellaneous ($510 +$1.42q) 1,078 80,378 $ 107,622 Total expense Net operating income During May, the company's actual activity was 390 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