Greatland Preschool operates a not-for-profit morning preschool that operates eight months of the year. Greatland has 133 kids enrolled in its various programs. Greatland's primary expense is payroll. Teachers are hired so that there are no more than eight kids per teacher. Teachers are paid a flat salary each of the eight months as follows: 3: (Click the icon to view the salary data.) (Click the icon to view additional information.) Requirements 1. Prepare Greatland Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Greatland Preschool's budgeted income statement for the entire eight-month school year. Assume that the operating revenue is $177.345. You mav aroun all operating expenses together 3. Greatland is a not-for-profit preschool. What might Greatland do with its projected income for the year? More info Requirement 1. Prepare Greatland Preschool's monthly operating budget. (Round your answers to the nearest whole dollar.) Greatland Preschool Budgeted Monthly Operating Expenses Teachers' salary: In addition to the salary expense, Greatland must pay payroll taxes in the amount of 7.65% of salary expense. Greatland leases its facilities from a local church, paying $4,050 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $930 per month over the eight-month school year. Variable expenses for art supplies and other miscellaneous supplies are $11 per child per year. Revenue for the entire eight-month school year from tuition and registration fees is projected to be $177,345. Two-day program Three-day program Four-day program Five-day program Print Done Salary data Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Teachers of two-day program: $424 per month Teachers of three-day program: $660 per month Teachers of four-day program: $856 per month Teachers of five-day program: $1,070 per month Preschool director's salary: $1,550 per month Greatland has seven two-day program teachers, four three-day program teachers, six four-day program teachers, and two five-day program teachers. Greatland also has one director. Total monthly operating expenses Print Done