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) 250 $117,500 Revenue ($470.009) Expenses: Wages and salaries ($11,100 + $126.009) Supplies ($5.009) Equipment rental ($2,300 + $22.009) Insurance ($3,800) Miscellaneous ($500 + $1.489) Total expense Net operating income 42,600 1,250 7,800 3,800 870 56, 320 $ 61,180 During May, the company's actual activity was 240 diving-hours. Required: 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 0 Total expense Net operating income $ 0