Incremental Budget Wood County uses an incremental approach to budgeting. The 2016 cash budget for the Wood County Department of Motor Vehicles is presented as follows: Supplies Temporary and seasonal wages Wages of full-time employees Supervisor salaries Rent Insurance Utilities Miscel laneous Contingencies and equipment Total $15,000 23,000 185,000 47,000 39,000 21,000 23,000 11,000 35,000 5399,000 Required Prepare an incremental cash budget for 2017, assuming the planned total budget increase is 2.5 percent Budget details include a budget increment for salaries and wages of 4 percent, no change in rent, and 2 percent increases in the budget for supplies and miscellaneous. Utility companies have received approvals for rate increases amounting to 4 percent and insurance companies have announced an increase in premiums of 6 percent. (Hint:The Contingencies and equipment 2017 budget is a plug.)