The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 $105,000 Revenue ($420.000) Expenses: Wages and salaries ($11,600 + $130.009) Supplies ($6.009) Equipment rental ($2,200 + $25.00g) Insurance ($4,000) Miscellaneous ($530 + $1.469) Total expense Net operating income 44,100 1,500 8,450 4,000 895 58,945 $ 46,055 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 dollar.) 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