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) 300 $120,000 Revenue ($400.009) Expenses: Wages and salaries ($12,000 + $122.009) Supplies ($5.009) Equipment rental ($2,100 + $24.009) Insurance ($3,800) Miscellaneous ($510 + $1.489) Total expense Net operating income 48,600 1,500 9,300 3,800 954 64,154 $ 55,846 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 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