Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (g) Revenue ($460.00g) Expenses: Wages and salaries ($11,700 + $122.00g) Supplies ($3.00g) Equipment rental ($2,400 +$21.00g) Insurance ($4,200) Miscellaneous ($520 +$1.50g) 350 $ 161,000 54,400 1,050 9,750 4,200 1,045 70,445 $ 90,555 Total expense Net operating income 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income