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 Unded May 31 Budgeted diving-hours (9) 250 Revenue ($400.000) $100,000 Expenses: Wages and salaries ($12,000 + $128.009) 44,000 Supplies ($5.00) 1,250 Equipment rental ($2,300 + $23.009) 8,050 Insurance (53,800) Miscellaneous ($530 + $1.469) Total expense 57,995 $ 42,005 Het operating income 3.800 8.95 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 Budgeted diving hours 240 Revenue Expenses WA Total expense $ 42,005 Net operating income 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 nun Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours 240 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0