Prepare a flexible budget report for the year:

Irdigo Pastures is e 403-zre farm on outskirts of the Kentucky glue.-ess. specializing in boarding of bre.dmeres tfir foals. A recent ecornic downturn in the tNzroughOred i r,dustry has mede boarding business extremely competitive To meet the competition. Indigo Pastu res planned in 2022 to entertain clients. advertise more uter,stvely. absorb expenses fortrrly paid clients such as veterinary blacksmith fees The budget report for 2022 follcws_ As shown. the static it-come statement tudget for the year is based on en expected 25.400 boarding days at S25 per mare. variable expenses per mere dey were budgeted: feed 55. veterinaryfees S3. blacksmith fees SO 25. supplies SC.S5AII other budgeted expenses were either semifixed or fxed_ During the yar. management decided not to replete e worker quit in Merch. but it did issue e new edrtising brochure end did rruore entertaining of cl ients_ INDIGOPASTURES Static Budget Income M*emavt For the Year EMed 31, 2022 Number of meres Number of boarding days Service revenue Less: Variable expenses Veteri n fees g Lecksmith fees Supplies Total variable upenses Contribftion margin Less: Fixed expenses Depreciation Insurance Utilities Repairs maintenarce Labor Advertisement Entertainment Total fixed ape rses Net income Answer the follcwing guestior,s. 121.090 5.781 11.806 206.929 232.871 14.000 14.000 S24E71 Master Sudget 25.400 "35.030 127.030 13.970 223.520 411.480 110.030 213.030 S19&480 Difference 3.4co 5194.200 s. 910 589 2.164 16.591 177.609 2. coo 1. coo 8. coo s. coo 2.cco 4.cco 5173.609