Annie's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identified two cost drivers-number of servings and number of labor-hours. The company expects to sell 10,800 servings and to staff 700 employee labor-hours in August. Data concerning the company's cost formulas are shown below: In August, the company actually sold 11,200 servings of ice cream and staffed 780 employee labor-hours. It's budgeted revenue per serving is $5.00. Required: Prepare a flexible budget for August. \begin{tabular}{|l|l|} \hline & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Ingredients expense & \\ \hline Salaries and wages expense & \\ \hline Franchise fee & \\ \hline Credit card processing fees & \\ \hline Utilities expense & \\ \hline Rent expense & \\ \hline Equipment depreciation expense & \\ \hline Other expenses & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \end{tabular}