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 $126,000 Revenue ($420.000) Expenses: Wages and salaries ($11,900 + $120.00) Supplies ($3.009) Equipment rental ($2,400 + $22.009) Insurance ($4,000) Miscellaneous ($520 + $1.489) Total expense Net operating income 47,900 900 9,000 4,000 964 62,764 $ 63,236 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 number.) 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