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 $ 117,500 Revenue ($470.00) Expenses: Wages and salaries ($11,600 + $128.00) Supplies ($3.00) Equipment rental ($2,300 + $23.00) Insurance ($3,800) Miscellaneous ($520 + $1.449) Total expense Net operating income 43,600 750 8,050 3,800 880 57,080 $ 60,420 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