Great Place Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 162 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: (Click the icon to view salary data.) Requirements (Click the icon to view additional information.) 1.Prepare Great Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Great Place Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together. 3. Great Place Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Teachers' salary 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses