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 Budgeted diving-hours (9) 250 Revenue ($480.80q) $120, 080 Expenses: Wages and salaries ($12,060 + $128.009) 44,000 Supplies ($4.00q) 1,060 Equipment rental ($2,300 + $21.00q) 7,550 Insurance ($4,800) 4, 060 Miscellaneous ($550 + $1. 50q) 925 Total expense 57,475 Net operating income $ 62, 525 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 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