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 Tor the Month Ended May 31 Dudgeted diving-hours (9) 250 Revenue ($450.004) $112.500 Expenses Wages and salaries ($11,100 - $122.000) 41,600 Supplies (55.000) 1,250 Equipment rental ($2,100 + $22.004) 7.600 Insurance (53,800) 3.800 Miscellaneous ($550 + 51.4291 905 Total expense 55,155 Net operating income $57,365 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.) 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 Net operating income