Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,260 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month $ 0 Variable element per patient- visit $ 70.00 $ 27.00 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Required: Prepare the clinic's planning budget for October. Willow Clinic Planning Budget For the Month Ended October 31 Budgeted patient-visits Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income 2,260 $ 24,800 $ 860 $ 5,600 $ 4,260 $ 7.50 $ 3.30 $ 15.20