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: 250 $ 100,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($400.009) Expenses : Wages and salaries ($11,800 + $120.00) Supplies ($4.009) Equipment rental ($2,100 + $21.009) Insurance ($3,900) Miscellaneous ($520 + $1.469) Total expense Net operating income 41,800 1,000 7,350 3,900 885 54,935 $ 45,065 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 dollar.) 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 $ 0