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 For the Month Ended May 31 Budgeted diving-hours (9) 350 Revenue ($400.009) Expenses: Wages and salaries ($11,500 + $130.009) Supplies ($5.009) Equipment rental ($2,100 + $23.009) Insurance ($3,900) Miscellaneous ($530 + $1.469) Total expense Net operating income $ 140,000 57,000 1,750 10,150 3,900 1,041 73,841 $ 66,159 During May, the company's actual activity was 340 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