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: 250 $ 107,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($430.009) Expenses : Wages and salaries ($11,300 + $120.00) Supplies ($6.009) Equipment rental ($2,500 + $21.009) Insurance ($3,900) Miscellaneous ($540 + $1.449) Total expense Net operating income 41,300 1,500 7,750 3,900 900 55,350 $ 52,150 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 dollar.) 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