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 100 $36,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($365.009) Expenses Wages and salaries (58,000 + 5125.964) Supplies (53.009) Equipment rental (51,880 + $32.089) Insurance ($3,400) Miscellaneous ($630 + $1.509) Total expense Net 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 Puget Sound Divers Flexible Budget During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 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