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: 400 $ 172 000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($430.000) Expenses: Wages and salaries ($11,200 + $122.00g) Supplies ($6.000) Equipment rental ($2,500 + $21.009) Insurance ($3,800) Miscellaneous ($510 + $1.489) Total expense Net operating income 60,000 2400 10, 900 3.800 1 102 178. 202 $ 93,798 During May, the company's actual activity was 390 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 Actual diving-hours Revenue 390 Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous 0 Total expense $ 0 Net operating income