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 (9) 300 $123,000 Revenue ($410.00) Expenses: Wages and salaries ($11,600 + $122.00) Supplies ($5.00) Equipment rental ($2,100 + $26.009) Insurance ($4,100) Miscellaneous ($540 + $1.469) Total expense Net operating income 48,200 1,500 9,900 4,100 978 64,678 $ 58,322 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0