Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,110 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month Variable element per patient-visit $40.00 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 23,300 $710 12.00 $6.00 $1.80 $ 0.20 4,850 $4,110 Required: Prepare the clinic's planning budget for October. Willow Clinic Planning Budget For the Month Ended October 31 Budgeted patient-visits 2,110 Revenue Expenses Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income