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 $ 117,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($470.009) Expenses: Wages and salaries ($11,100 + $126.009) Supplies ($4.009) Equipment rental ($2,200 + $25.009) Insurance ($4,100) Miscellaneous ($540 + $1.489) Total expense Net operating income 42,600 1,000 8,450 4,100 910 57,060 $ 60,440 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 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