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) 250 $ 107,500 Revenue ($430.009) Expenses: Wages and salaries ($11,900 + $122.009) Supplies ($4.00) Equipment rental ($2,200 + $22.00) Insurance ($4,100) Miscellaneous ($530 + $1.449) Total expense Net operating income 42,400 1,000 7,700 4,100 890 56,090 $ 51,410 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 0 $ 0