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 (ei 300 $125.000 Revenue ($410.000) Expenses Wages and salaries (511,500 + $120.00) Supplies $3.000 Equipment rental ($2,500 - $23.000) Insurance $1.100) Miscellaneous (3530 - $1.161 Total expense Het operating income 47.500 900 9, 100 4.100 262,360 560, 132 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the nearest whole number.) Puget Sound. Olyans Flexible Budget To the Month Ended May 31 Revenue Expenses Wages and salanes Supplies Equipment rontal Insurance Miscellaneous Total expense Net operating income