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. 300 $120.000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving hours (a) Revenue (5400.000 Expenses Wages and salaries (511.00 $120.00) Supplies ($4.000 Equipment rental (52.400 - $21.000) Insurance (14.100) Miscellaneous (554051.4601 Total expense Net operating income 47 400 1.200 8.700 4.100 978 62370 $57.622 Required: During May, the company's activity was actually 290 diving hours. Complete the following flexible budget for that level of activity (Round your final answer to nearest dollar amount.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0