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: 350 $ 161,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($460.009) Expenses: Wages and salaries ($11,900 + $128.007) Supplies ($4.009) Equipment rental ($2,200 + $23.009) Insurance ($3,900) Miscellaneous ($530 + $1.469) Total expense Net operating income 56,700 1,400 10,250 3,900 1,041 73,291 $ 87,709 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 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 0