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: 350 $157,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($450.000) Expenses: Wages and salaries ($11,700 + $130.000) Supplies ($5.00) Equipment rental ($2,100 + $22.00) Insurance ($4,100) Miscellaneous ($520 + $1.429) Total expense Net operating income 57,200 1,750 9,800 4,100 1,017 73,867 $ 83,633 Required: During May, the company's activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity. (Round your final answer to nearest dollar amount.) Required: During May, the company's activity was actually 340 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 $ 340 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 340