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: 12.5 points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Book 250 Hint $ 97,500 Print 42,000 1,000 8,200 References Revenue ($390.000) Expenses: Wages and salaries ($11,500 + $122.00g) Supplies ($4.000) Equipment rental ($2,200 + $24.009) Insurance ($4,100) Miscellaneous ($510 + $1.489) Total expense Net operating income 4,100 880 56,180 $ 41,320 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.) Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 12.5 points Puget Sound Divers Flexible Budget For the Month Ended May 31 eBook Hint Revenue Print References Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income