Problem 11.4 Prepare a forecast of expenses for the entirety of fiscal year 20X3 which runs from January 1 to December 31, 20X3. In addition to the numbers shown in the most recent Departmental Expense Report, the following information is provided. In January, the department purchased a maintenance contract for the entire year at a cost of $12,000. Med/surg supplies amounting to $15,000 that had been purchased last fiscal year were returned to the vendor for a credit. Finally, it is anticipated that two clerks will be hired effective July 1 at rates of pay of $22,000 plus fringe benefits?