value: 1.50 points 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) Revenue ($390.009) 350 $ 136,500 Expenses: Wages and salaries ($11,500 + $120.00) Supplies ($5.00) Equipment rental ($2,400 + $23.009) Insurance ($3,900) Miscellaneous (5530 + $1.469) 53,500 1,750 10,450 3,900 1,041 Total expense 70,641 Net operating income $ 65,859 Required: During May, the company's activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to 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 Net operating income