Pronghorn Pastures is a 400-acre farm on the outskirts of the Kentucky Bluegrass, specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has made the boarding business extremely competitive. To meet the competition, Pronghorn Pastures planned in 2022 to entertain clients, advertise more oxtensively, and absorb expenses formerly paid by clients such as veter inary and blacksmith fees. The budget report for 2022 foliows. As shown, the static income statement budget for the year is based on an expected 21.500 boarding days at $25 per mare. The variable expenses per mare per day were bodgeted: feed $5, veterinary fees $3, blacksmith fees \$0.25, and supplies $0.55. All other budgeted expenses were either semifixed or fixed. During the year, management decided not to replace a worker who quit in March, but it did issue a new advertising brochure and did more entertaining of clients. PRONGHORYPASTURES income statement Flevible Dudect Regart