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 bivers Planning Budget Revenue (5440.000 Mages and salaries ($11,700 $122.000) For the Month Ended May 31 Budgeted diving-hours (q) 250 $110,000 42,200 1,000 7,500 4,000 895 55,595 $54,405 Supplies ($4.00g) Equipment rental (62,000 +$22.000) Insurance ($4,000) Miscellaneous (8530 51.440) Total expense Het operating income During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar) Ravenue Puget Sound Divers Flexible Budget For the Month Ended May 31 Expernes Wages and sales Supplies Equipment rental Insurance Miscellaneous Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income