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 $ 84,000 Revenue ($420.00) Expenses 1 Wages and salaries ($11,500 + $120.00) Supplies ($4.000) Equipment rental ($2,500 $24.009) Insurance ($4,200) Miscellaneous ($530+ $1.489) Total expense Net operating income 35,500 800 7,300 4,200 826 48,626 $ 35,374 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 Proy 1 of 4 !! Next >