As the newly appointed Director of the Australian Tiddlywinks Championships you have been researching probable revenues and costs so that you can prepare an Income and Expenditure Forecast. The event will run over three days (Friday, Saturday and Sunday). The duration of the event will be 8 hours per day and the total number of competitors for the three (3) days will be 256 competitors (128 in the men's draw and 128 in the women's drawer). The type of event will be a championship knockout tournament: Matches 64 Round 1st 2nd 3rd 32 16 4th 8 Don't forget that there is one draw for men and one draw for women. Qtr Final 4 Semi Final 2 Final 1 You have ascertained the following information about probable costs and revenues: 2. Trophies will awarded as follows: Men's Competition, 1st place, 2nd place, 3rd place, 4th place, 5th place Women's Competition, 1st place, 2nd place, 3rd place, 4th place, 5th place . You are informed that 1st place trophy will cost $50, 2nd place - $40, 3rd place - $30, 4th place -$25 and 5th place - $20. Cost ea. Total Qty Required Women Men Total Cost 50.00 40.00 1st place 2nd place 3rd place 4th place 5th place $ $ $ $ $ 30.00 0 $ 0 $ 0 $ 0 $ 0 $ 25.00 20.00 Total $