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 $107,500 Revenue ($ 430.009) Expenses: Wages and salaries ($11,800 + $126.009) Supplies ($4.009) Equipment rental ($2,100 + $25.009) Insurance ($4,000) Miscellaneous ($540 + $1.429) Total expense 43,300 1,000 8,350 4,000 895 57,545 $ 49,955 Net operating income 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0