Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the P The company's planning budget for May appears below: 250 $ 102,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.009) Expenses : Wages and salaries ($11,500 + $126.00) Supplies ($5.00) Equipment rental ($2,100 + $23.00) Insurance ($3,800) Miscellaneous ($530 + $1.489) Total expense Net operating income 43,000 1,250 7,850 3,800 900 56,800 $ 45,700 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 dollar.) Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 240 Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 0