Puget Sound Divers is a company that provides diving services such as underwater ship The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 300 $126,000 Revenue ($420.009) Expenses: Wages and salaries ($11,800 + $120.00) Supplies ($6.009) Equipment rental ($2,500 + $25.009) Insurance ($4,100) Miscellaneous ($510 + $1.489) Total expense 47,800 1,800 10,000 4,100 954 64,654 $ 61,346 Net operating income 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 Divers Ty May, Civily Was 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 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0