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) 100 Revenue (5365.000) $ 36,500 Expenses: Wages and salaries (58,00 + $125.00) 20, See Supplies ($3.00) 300 Equipment rental ($1,300 $32.600) 5, eee Insurance ($3,40e) 3,400 Miscellaneous (5630 - $1.889) 810 Total expense 30,01 $6,490 Net operating income During May, the company's actual activity was 105 diving hours, Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income