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) 350 Revenge (5-140.000) $150,000 Expenses: Wages and salaries ($11,500 $126.00) 55,600 Supplies (54.000) 1,600 Equipment rental (52,300 $23.000) 10,350 Insurance (53,500) 3,900 Miscellaneous (5500 - $1.450) 1.05. Total expense 72,13 het operating income $ 81,692 SI During May. the company's actual activity was 340 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income GA $ 0 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 Actual diving-hours + Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0 Prey 1 of 12 Next >