Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($450.000) 350 $ 157,500 Expenses Wages and salaries ($11,900 + $130.00) Supplies ($6.000) Equipment rental ($2,400 + $ 21.009) Insurance ($4,100) Miscellaneous ($500 + $1.469) 57,400 2,100 9,750 4,100 1,011 Total expense 74,361 Net operating income $ 83,139 Required: During May, the company's activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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 Net operating income