Part A. (14 MARKS) The following are projected revenues and expenses for ABC Charity projected for the Month of September, 2020. Expected Revenues Monthly Rent Advertising Insurance Expense $28,000 2,700 4,000 1,500 Cost of Goods Sold of 45% of Revenues Sales Commissions of 8% of Revenues will be paid 1) Using the above data, complete the Projected Operating Budget in the table below. 2) Provide a flexible budget for the same projected period forecasting that revenues will be 25% higher than expected. 1) ABC CHARITY Projected Operating Report b) 2) ABC CHARITY Flexible Operating Report For the Month of September, 2020 For the Month of September, 2020 Revenue S Variable Expenses: Revenue Variable Expenses: $ S Total Variable Expenses Fixed Expenses: Total Fixed Expenses Net Income Total Variable Expenses Fixed Expenses: Total Fixed Expenses Net Income