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 (a) 100 5.36,500 Revenue (5365.000) Expenses Wages and salaries (58,000 $125.000) Supplies (53.000) Equipment rental (51,800.532.000) Insurance (53,400) Miscellaneous (5630 - $1.300) Total expense Wet operating income 20,500 300 5,000 3,400 810 30.010 $ 6,490 During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May