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) 300 $141,000 Revenue ($470.009) Expenses : Wages and salaries ($11,100 + $126.000) Supplies ($4.009) Equipment rental ($2,100 + $22.00) Insurance ($3,800) Miscellaneous ($510 + $1.469) Total expense Net operating income 48,900 1,200 8,700 3,800 948 63,548 $ 77,452 During May, the company's actual activity was 290 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 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the neares Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ O