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 $ 126,000 Revenue ($420.00) Expenses: Wages and salaries ($11,600 + $130.00) Supplies ($4.00) Equipment rental ($2,200 + $20.00) Insurance ($4,000) Miscellaneous ($500 + $1.429) Total expense Net operating income 50,600 1,200 8,200 4,000 926 64,926 $ 61,074 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0