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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 (g) 350 Revenue ($460.000) $ 161,000 Expenses: Wages and salaries (511,600 +$124.089) 55,000 Supplies ($6.009) 2,100 Equipment rental ($2,500 - $22.000) 10,200 Insurance ($3,900) 3,900 Miscellaneous (5550 + $1.449) 1,054 Total expense 72,254 Net operating income $ 88,746 During May, the company's actual activity was 340 diving hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollor.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and sales Prov 1 of 5 Next > i Saved miscelaneous 50 + $1.444 Total expense Net operating income 1,004 72,254 $ 88,746 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole coltar. H 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 0 $ 0