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) Revenue ($400.009) Expenses: Wages and salaries ($11,100 + $124.009) Supplies ($4.009) Equipment rental ($2,400 + $23.009) Insurance ($4,200) Miscellaneous ($550 +$1.48q) Total expense Net operating income 300 $ 120,000 48,300 1,200 9,300 4,200 994 63,994 $ 56,006 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 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 $ 0