The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (g) 250 $100,000 Revenue ($400.009) Expenses: Wages and salaries ($11,000 + $124.009) Supplies ($5.009) Equipment rental ($2,400 + $ 21.00) Insurance ($3,800) Miscellaneous ($520 + $1.489) Total expense Net operating income 42,000 1,250 7,650 3,800 890 55,590 $ 44,410 During May, the company's actual activity was 240 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 0 Net operating income $ 0