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) 200 $ 88,000 Revenue ($440.009) Expenses: Wages and salaries ($11,700 + $124.009) Supplies ($4.009) Equipment rental ($2,200 + $21.009) Insurance ($3,900) Miscellaneous ($510 + $1.489) Total expense Net operating income 36,500 800 6,400 3,900 806 48,406 $ 39,594 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 Total expense 0 Net operating income $ 0