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) 250 $ 97,500 Revenue ($390.00) Expenses: Wages and salaries ($11,800 + $126.009) Supplies ($6.00) Equipment rental ($2,100 + $23.009) Insurance ($3,900) Miscellaneous ($540 + $1.489) Total expense Net operating income 43,300 1,500 7,850 3,900 910 57,460 $ 40,040 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 dollar.) 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 0