Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,130 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting Fixed element per Variable element per month patient-visit Revenue $ 44.e0 Personnel expenses $ 23,500 $ 14.20 Medical supplies $ 730 $ 6.20 Occupancy expenses $ 4,950 $ 2.20 Administrative expenses $ 4,130 $ 2. 20 Required: Prepare the clinic's planning budget for October. Willow Clinic Planning Budget For the Month Ended October 31 Budgeted patient-visits 2, 130 Revenue Expenses Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income