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) 250 Revenue ($400.000) $ 100.000 Expenses Wages and salaries ($11,300 + $120.00) 41,300 Supplies ($4.004) 1.000 Equipment rental ($2,300 - $23.009) 8.050 Insurance ($3,800) 3,800 Miscellaneous $530 + $1.489) 900 Total expense 55 050 Het operating income $ 44,950 During May, the company's actual activity was 240 diving-hours. During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest wndle number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 0 Total expense $ 0 Net operating income