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: 250 $ 100,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($400.009) Expenses: Wages and salaries ($11,900 + $130.000) Supplies ($4.009) Equipment rental ($2,300 + $25.009) Insurance ($3,900) Miscellaneous ($520 + $1.509) Total expense Net operating income 44,400 1,000 8,550 3,900 895 58,745 $ 41,255 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income