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 Revenue (5430.889) $129,000 Expenses: Wages and salaries ($11,700 + $122.000) 48,300 Supplies ($4.00) 1,200 Equipment rental ($2,100 + $25.08) 9,600 Insurance ($4,100) 4,100 Miscellaneous ($520 + $1.489) 964 Total expense 64, 164 Net operating income $ 64,836 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.) Total' expense Net operating income 64,164 $ 64,836 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 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 S 0