As the department head of HR in a company, you are managing 5 other employees (2 senior managers, 2 junior managers, and a secretary) working in the department. The combined total annual salary of all employees is $650,000. For the next year, the finance department head has proposed the following: No increase in salaries. Benefits to be increased for all employees by 10% of the above salary. Bonus to be increased for all employees by 15% of the above salary. Travel expense for employees of $20,000. For the next year, you have the following plans for the department: professional development training for 2 senior managers budgeted at $25,000 4 conferences for you budgeted at a total of $24,000 ($6,000 cost for each conference) a company-wide required employee feedback survey to be done by an outside consultant budget but still under negotiations for $40,000 because some aspects of it can be done by the junior managers. The finance department head has emailed you to reduce your budget by 3%. Based on the above information: a. Prepare the HR budget according to the information provided above. (4 points) b. How much do you reduce your budget by in dollars as advised by