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 Revenue ($420.00g) Expenses: Wages and salaries ($11,300 + $130.00g) For the Month Ended May 31 Budgeted diving-hours (q) 250 $ 105,000 43,800 1,000 8,000 3,900 885 57,585 $ 47,415 Supplies ($4.00g) Equipment rental ($2,000+ $24.00g) Insurance ($3,900) Miscellaneous ($530 +$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 0 Net operating income $ 0