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: 250 $ 105,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($420.009) Expenses : Wages and salaries ($11,300 + $122.009) Supplies ($3.009) Equipment rental ($2,300 + $22.009) Insurance ($3,900) Miscellaneous ($530 + $1.469) Total expense Net operating income 41,800 750 7,800 3,900 895 55,145 $ 49,855 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 0 Net operating income $ 0