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 $100,000 Revenue ($400.009) Expenses: Wages and salaries ($12,000 + $124.009) Supplies ($4.009) Equipment rental ($2,200 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.449) Total expense 43,000 1,000 8, 200 4,000 870 57,070 $ 42,930 Net operating income 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.) 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