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. 200 $ 96,000 Puget Sound Divers Planning Budget For the Month Ended Hay 31 Budgeted diving hours (4) Revenue ($480.000) Expenses: Wages and salaries ($11,500 $126.004) Supplies ($5.009) Equipment rental ($2,300 + $23.004) Insurance ($4,000) Miscellaneous (5510 + $1.449) Total expense Net operating income 36,70 1.000 6,900 4,000 798 49,398 $ 46,642 A During May, the company's actual activity was 190 diving hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 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 0 Total expense Net operating income $ $ 0