mework Seved Help Save & Exit Submit 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) 350 Revenue ($450.000) $157,500 Expenses: Wages and salaries ($11,600 + $130.000) 57,100 Supplies ($4.00) 1,400 Equipment rental ($2,300 + $22.089) 10,000 Insurance ($3,900) 3,900 Miscellaneous ($500 + $1.469) 1,011 Total expense 73, 411 Net operating income $ 84,089 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscelaneous Total expenso Net operating income