One of the owners of the Fleming Medical Group recently attended a conference on medical practice management, learned of flexible budgeting, and believes it can help the practice better manage its revenues and expenses. Using the table in Problem $14\mathrm{.}3,$ create a flexible budget based on $2022$ year$-$to$-$date actual expenses and visits, a $4\%$ inflation factor for each line item, and $52,560$ forecasted patient visits in $2023.$ What are the total budget, projected net income, and profit margin? Did net income and profit margin increase from the incremental budget prepared in problem $14\mathrm{.}3?$Chapter $14$ Constructing an Operating Budget