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 ($11,600 + $130.00g) For the Month Ended May 31 250 $ 112,500 44,100 1,250 7,650 3,900 890 57,790 $ 54,710 Supplies ($5.00g) Equipment rental ($2,400 + $21.00g) Insurance ($3,900) Miscellaneous ($520 +$1.48g) 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 0 Net operating income $ 0