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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 Badgeted diving-hours (9) 400 Revenue ($480.000) $ 192,000 Expenses Nages and salaries (611,100+ $126.000) 61,500 Supplies ($3.009) 1,200 Equipment rental ($2,100 + $23.004) 11,300 Insurance ($3,900) Miscellaneous ($540 + $1.449) 1, 116 Total expense 79,016 Net operating income $ 112,984 During May, the company's actual activity was 390 diving-hours. 3,900 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 400 Revenue ($480.000) $ 192,000 Expenses : Wages and salaries ($11,100 + $126.009) 61,500 Supplies ($3.009) 1,200 Equipment rental ($2,100 + $23.00) 11,300 Insurance ($3,900) 3,900 Miscellaneous ($540 + $1.449) 1,116 Total expense 79,016 Net operating income $ 112,984 During May, the company's actual activity was 390 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 Total expense Net operating income

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