5. In 2020, the marketing department of Freda's Fashions had two employees. One prepared advertising copy, and her salary (including employer's contributions) cost the company $60,000; the other organized shows and events, and her salary (including employer's contributions) cost the company $75,000. In addition to the above, the company spent $400,000 on advertising on late-night television and $400,000 on shows and events. In 2021, the company plans to maintain the same amount of advertising and double the number of shows and events (the existing employee can handle this extra workload). In addition, salaries will rise by 10%, and all other costs are expected to go up by 5%. Required Prepare a budget for 2021 for the marketing department