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: 300 $ 135,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue $450.00) Expenses: Wages and salaries ($11,500 + $124.009) Supplies ($4.009) Equipment rental ($2,400 + $26.00) Insurance ($3,900) Miscellaneous ($520 + $1.449) Total expense Net operating income 48,700 1,200 10,200 3,900 952 64,952 $ 70,048 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0