Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: Middle Preschool School $1,610 $1,910 330 380 Tuition revenue Marketing and administration High School $2,310 455 Total $5,830 1,165 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $2.01 million. Marketing and administrative costs rose to $1,360,000. Required: 1. Using revenue as an allocation base, how should the costs be allocated for the current year? (Do not round intermediate calculations. Enter your dollar answers in thousands rounded to 2 decimal places.) Answer is complete but not entirely correct. Preschool Total Middle School High School 416.98 $ 504.29 $ Cost allocation $ 438.74 % $ 1,360.01