Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 170 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: E! (Click the icon to view salary data) (Click the icon to view additional information.) Requirements 1.Prepare Great Start Preschool's monthly operating budget. Round all amounts to the nearest 2.Using your answer from Requirement 1, create Great Start Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together 3. Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 1. Prepare Great Start Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar) Great Start Preschool Budgeted Monthly Operating Expenses Teachers' salary 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Start Preschool op ds enrolled in its va months as follows: Click the icon to vie A Salary data X The preschool has a flat salary each of lion.) rements are Great Start Pro g your answer fron mol year. You may g at Start Preschool i the entire nine-mo Teachers of two-day program: $434 per month Teachers of three-day program: $654 per month Teachers of four-day program: $864 per month Teachers of five-day program: $1,045 per month Preschool director's salary: $1,350 per month Great Start Preschool has 7 two-day program teachers, 6 three-day program teachers, 6 four-day program teachers, and 3 five-day program teachers. The preschool also has a director. me for the year? rement 1. Prepare its to the nearest d arest dollar. (Roun More Info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 7.65% of salary expense. The preschool leases its facilities from a local church, paying $4,020 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $920 per month over the nine-month school year. Variable monthly expenses (over the nine-month school year) for art supplies and other miscellaneous supplies are $10 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $241,300