ssignment #2 Saved Exercise 9-1 Prepare a Flexible Budget [LO9-1] 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 (q). Revenue ($470.000) Expenses: Wages and salaries ($11,300 +$130.00g) Supplies ($5.00) Equipment rental ($2,300 +$21.00) Insurance ($3,900) Miscellaneous (5520 +$1.424) Total expense Net operating income 350 $164,500 56,800 1,750 9,650 3,900 1,017 73,117 $91,383 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31