Enterprise LLC uses an incremental approach to budgeting. The current year cash budget is presented as follows. Prepare an incremental cash budget for next year. Budget details include a budget increment for wages of 3%, no change in rent, and 2.5% increases in the budget for supplies. Utility companies have received approvals for rate increases amounting to 2% and insurance companies have announced an increase in premiums of 4%. Current Year Budget Increment Next Year Budget Supplies $24,000 Temporary and seasonal wages 28,000 Wages of full-time employees 300,000 Rent 86,000 Insurance 32,000 Utilities 15,000 Total $485,000