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 (g) 350 Revenue ($400.089) $140,000 Expenses: Wages and salaries ($11,400 + $124.009) 54,800 Supplies ($5.00g) 1,750 Equipment rental ($2,300 + $23.009) 10,350 Insurance ($3,800) 3,800 Miscellaneous ($530 + $1.449) 1,034 Total expense 71,734 Net operating income $ 68,266 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours 340 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0