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: 8.57 points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (d Revenue ($450.000 Skipped 200 $ 90,000 35,800 Expenses: Wages and salaries ($11,800 + $120.00) Supplies ($4.000) Equipment rental ($2,200 + $24.00m) Insurance ($3,800) Miscellaneous ($500 + $1.440) 800 7,000 3,800 788 Total expense 48,188 Net operating income $ 41.812 Required: During May, the company's activity was actually 190 diving-hours. Complete the following flexible budget for that level of activity 8.57 Required: During May, the company's activity was actually 190 diving-hours. Complete the following flexible budget for that level of activity points Skipped 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