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 $112,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($450.089) Expenses: Wages and salaries ($11,780 + $122.689) Supplies ($4.989) Equipment rental ($2,300 + $23.889) Insurance ($4,eee) Miscellaneous ($540 + $1.449) Total expense Net operating income 42,200 1,080 8,950 4,080 900 56,150 $ 56, 350 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 S 0