7. Determine the annual budget for office utilities using the data from the past 12 months shown in Figure 9-7. Utility costs are expected to increase by 7% per year due to inflation. The company is planning on doubling its office space in July by expanding into some unoccu- pied space adjacent to its existing office space. 12/14/18 Page 1 EXPENCE REPORT From 12/1/17 to 11/30/18 Ck Num 4990 Date 01/07/18 Amount 231.13 Payee Gas Company Power Company 5004 01/21/18 100.35 29101 5029 02/06/18 Gas Company 99.58 5035 Power Company 02/20/18 03/05/18 5035 Gas Company 5047 03/19/18 Power Company 273.12 105 22 206.65 80.47 5073 Gas Company 5103 86.42 5133 04/02/18 04/16/18 05/08/18 05/22/18 06/02/18 Power Company Power Company Gas Company 159.29 5159 80.21 5181 Power Company 89.91 Account Office Uties Office Utilities Orice Usilities Office Uhilities Office Utilities Office Usities Office Ulities Office Utilities Office Utilities Office Utilities Office Ulties Office Ulldes Office Utilities Office Utilities Office Uses Office Utilities Office Us Office Utilities Office Utilities Office Utilities Office Utilities Ollice Usos Office Usities Oflice Utilities 5182 Gas Company 08/10/18 07/07/18 106.06 5204 Power Company Gas Company 71 51 5229 07/21/18 07/30/18 44.73 5233 52B2 113.69 08/13/18 Gas Company Power Company Power Company Gas Company 98.81 5272 5287 48.72 54.52 5295 Gas Company Power Company 5315 09/02/18 09/16/18 10/09/18 10/23/18 10/29/16 11/12/18 12/07/18 12/11/18 95.44 62.94 Gas Company 5323 77.10 Power Company 5344 109.28 5366 Gas Company Power Company 111.51 5375 Total 2,797 54 FIGURE 9-7 Utility Costs