O 2016 $954 2017 $989 2018 $1055 Budget Summary for the Wonderful Widget Company (in thousands of dollars) 2014 2015 Total Receipts $856 $905 Outlays Operating $523 $551 Employee Benefits $199 $222 Security $276 $299 Interest on Debt $0 $12 Total Outlays $998 $1084 Surplus/Deficit - $142 -$179 Debt (accumulated) - $142 - $321 $599 $200 $246 $598 $251 $318 $26 $1193 - $239 - $560 $598 $251 $299 $46 $1194 - $205 - $765 a. Based on the accumulated debt at the end of 2017, calculate the 2018 interest payment. Assume an interest rate of 8.2%. The 2018 interest payment is dollars. (Round to the nearest thousand dollars as needed.) b. Calculate the total outlays for 2018, the year-end surplus or deficit, and the year-end accumulated debt. For 2018, the total outlays is dollars. (Round to the nearest thousand dollars as needed.) For 2018, the year-end surplus or deficit is dollars. (Round to the nearest thousand dollars as needed.) For 2018, the year-end accumulated debt is dollars. (Round to the nearest thousand dollars as needed.) c. Based on the accumulated debt at the end of 2018, calculate the 2019 interest payment, again assuming an 8.2% interest rate. The 2019 interest payment is dollars. (Round to the nearest thousand dollars as needed.) d. Assume that in 2019 the company has receipts of $1,097,000, holds operating expenses and employee benefits to their 2018 levels, and spends no money on security. Calculate total outlays for 2019, the year-end surplus or deficit, and the year-end accumulated debt. For 2019, the total outlays is dollars. (Round to the nearest thousand dollars as needed.) For 2019, the year-end surplus or deficit is dollars. (Round to the nearest thousand dollars as needed.) For 2019, the year end accumulated debt is dollars. (Round to the nearest thousand dollars as needed.)