Greatland Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the eight months as follows:

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. You may group all operating expenses together.

3. Greatland Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year?

nse is payroll. Teachers are paid a ths of the year. The pre Salary data ditional information.) earest dollar $432 per month $654 per month $872 per month $1,045 per month $1,550 per month Teachers of two-day program Teachers of three-day program: Teachers of four-day program: Teachers of five-day program Preschool director's sala e statement for the enti projected income for th ounts to the nearest doll Greatland Preschool has 9 two-day program teachers, 2 three-day program teachers, 3 four-day program teachers, and 4 five-day program teachers. The preschool also has a director More Info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 765% 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 $900 per month over the eight-month school year. Variable monthly expenses (over the eight-month school year) for art supplies and other miscellaneous supplies are $6 per child. Revenue for the entire eight-month school year from tuition, registration fees, and the lunch program is projected to be $241,200 Print Done Requirement 1. Prepare Greatland Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) Greatland Preschool Budgeted Monthly Operating Expenses Teachers' salary: 432 2-day program 654 3-day program 872 4-day program 1045 5-day program 1,550 Director salary 4553 Total salary expense 348 Payroll tax expense 4,020 Lease expense 900 Fixed operating expenses 1,080 Variable oneratina exnenses Enter any number in the edit fields and then click Check