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) 350 $164,500 Revenue ($470.009) Expenses: Wages and salaries ($11,800 + $126.009) Supplies ($5.00) Equipment rental ($2,500 + $24.00) Insurance ($4,000) Miscellaneous ($520 + $1.429) Total expense Net operating income 55,900 1,750 10,900 4,000 1,017 73,567 $ 90,933 During May, the company's actual activity was 340 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0