Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 309 $132,089 Revenue ($440.089) Expenses: Wages and salaries ($11,100 + $130.089) Supplies ($5.009) Equipment rental ($2,300 + $22.089) Insurance ($4,200) Miscellaneous ($530 + $1.489) Total expense Net operating income 58, 189 1,500 8,900 4,200 974 65,674 $ 66, 326 During May, the company's actual activity was 290 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