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 (9) 250 Revenue ($470.089) $117,500 Expenses: Wages and salaries ($11,600 + $126.089) 43, 100 Supplies (55.00) 1,250 Equipment rental ($2,200 + $20.089) 7,200 Insurance ($4,100) Miscellaneous ($520 + $1.50) 895 Total expense 56,545 $ 60,955 Net operating income 4,100 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the nearest whole number.) Puget Sound Divers Floxible Budget For the Month Ended May 31 Revenue Expenses: Wages and salarios Supplies Expenses: Wages and salaries ($11, 600 + $126.009) Supplies ($5.009) Equipment rental ($2,200 + $20.009) Insurance ($4,100) Miscellaneous ($520 + $1.509) Total expense Net operating income 43, 100 1,250 7,200 4,100 895 56,545 $ 60,955 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 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 0 $ 0