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) 350 Revenge ($470.004) $164,500 Expenses Wages and salaries (511,500 + $130.000) 57,000 Supplies ($6.009) 2.100 Equipment rental ($2,500 - $24.009) 10,900 Insurance ($4,100) 4,100 Miscellaneous (5520 + $1.489) 1.030 Total expense 25,138 Net operating income 5 89.362 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 number.) 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 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $