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 $105,000 Revenue ($420.009) Expenses : Wages and salaries ($12,000 + $126.009) Supplies ($6.000) Equipment rental ($2,200 + $23.009) Insurance ($4,200) Miscellaneous ($550 + $1.469) Total expense Net operating income 43,500 1,500 7,950 4,200 915 58,065 $ 46,935 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 0 0 $