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 ($380.009) Expenses: Wages and salaries ($11,800 + $128.009) Supplies ($6.009) Equipment rental ($2,300 + $23.009) Insurance ($4,000) Miscellaneous ($550 + $1.489) Total expense Net operating income 300 $ 114,000 50,200 1,800 9,200 4,000 994 66,194 $ 47,806 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. Note: 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 0