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: 200 $ 78,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($390.009) Expenses: Wages and salaries ($11,000+ $124.009) Supplies ($5.009) Equipment rental ($2,000 + $24.009) Insurance ($4,200) Miscellaneous ($530+ $1.444) Total expense Not operating incomo 35,800 1.000 6,800 4,200 818 48,618 $ 29,382 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) During May, the company's actual activity was 190 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 0 Total expense Net operating income $