Nancy: Everything is just fine, Aunt Fritzi---Right now I'm baking a CAKE.
Aunt Fritzi (on phone): What kind, Nancy?
Noises: CLANG OOEEEEE CLANG CLANG
Nancy: BURNT ALMOND
So the burning question (not sorry) is whether Nancy went ahead ate the smoldering cake. The Panel 5 answer, at least on my screen, is just above and to the left of the strip.