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: 300 $ 135,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($450.00) Expenses: Wages and salaries ($11,200 + $124.00) Supplies ($4.00) Equipment rental ($2,400 + $ 22.009) Insurance ($4,200) Miscellaneous ($540 + $1.469) Total expense Net operating income 48,400 1,200 9,000 4,200 978 63,778 $ 71, 222 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0