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 $ 95,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($380.009) Expenses : Wages and salaries ($11,500 + $120.00) Supplies ($5.009) Equipment rental ($2,300 + $ 21.009) Insurance ($4,100) Miscellaneous ($550 + $1.449) Total expense Net operating income 41,500 1,250 7,550 4,100 910 55,310 $ 39,690 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.) 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