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350 $ 161,000 ruye VAVCE Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue (5460.009) Expenses: Wages and salaries ($11,600 + $124.069) Supplies ($6.009) Equipment rental (52,500 + $22.009) Insurance ($3,900) Miscellaneous ($550 + $1.449) Total expense Net operating income 55,000 2,100 10, 280 3,900 1,054 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 dollar) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous