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 Budgeted diving-hours (g) Revenue ($450.00g) Expenses: Wages and salaries ($11,200 + $126.00g) Supplies ($6.00g) For the Month Ended May 31 250 $ 112,500 42,700 1,500 8,000 3,900 875 56,975 $ 55,525 Equipment rental ($2,000 + $24.00g) Insurance ($3,900) Miscellaneous ($520 + $1.42g) Total expense Net 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.) 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 $ EA 0 0