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 $117,500 Revenue ($470.00g) Expenses: Wages and salaries ($12,000 + $128.00) Supplies ($6.009) Equipment rental ($2,100 + $ 24.009) Insurance ($4,100) Miscellaneous ($550 + $1.449) Total expense Net operating income 44,000 1,500 8,100 4,100 910 58,610 $ 58,890 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies 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 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 0 Net operating income $