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) 250 $105,000 Revenue ($420.009) Expenses: Wages and salaries ($11,900 + $126.009) Supplies ($6.009) Equipment rental ($2,200 + $24.009) Insurand ($4,000) Miscellaneous ($540 + $1.449) Total expense Net operating income 43,400 1,500 8,200 4,000 900 58,000 $ 47,000 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours 240 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0