The company s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 200 $ 92,000 Revenue ($460.009) Expenses: Wages and salaries ($11,200 + $128.009) Supplies ($6.009) Equipment rental ($2,500 + $25.009) Insurance ($3,900) Miscellaneous ($520 + $1.469) Total expense Net operating income 36,800 1,200 7,500 3,900 812 50,212 $ 41,788 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May (Round your answers to the near Diner During May, the company's actual activity was 190 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 Totaleyinie at operating income