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) Revenue ($400.009) Expenses: Wages and salaries ($11,600 + $120.009) Supplies ($5.009) Equipment rental ($2,400 + $26.009) Insurance ($4,000) Miscellaneous ($540 + $1.48q) Total expense Net operating income 350 $ 140,000 53,600 1,750 11,500 4,000 1,058 71,908 $ 68,092 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