Play Place Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 164 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: (Click the icon to view additional information.) (Click the icon to view salary data.) Requirements 1. Prepare Play Place Preschool's monthly operating budget. Round all amounts to the nearest dollar 2. Using your answer from Requirement 1, create Play Place Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together. 3. Play Place Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 1. Prepare Play Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) Play Place Preschool Budgeted Monthly Operating Expenses Teachers' salary: 2-day program 3-day program 848 3255 4-day program 4300 5-day program 6,390 1,350 Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses Salary data Teachers of two-day program: $424 per month Teachers of three-day program: $651 per month 16143 123493.95 4,030 Teachers of four-day program: Teachers of five-day program: Preschool director's salary: $860 per month $1,065 per month $1,350 per month Play Place Preschool has 7 two-day program teachers, 4 three-day program teachers, 4 four-day program teachers, and 6 five-day program teachers. The preschool also has a director. 870 Print Done - X Play Place Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 164 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: (Click the icon to view salary data.) (Click the icon to view additional information.) Requirements 1. Prepare Play Place Preschool's monthly operating budget. Round all amounts to the nearest dollar 2. Using your answer from Requirement 1, create Play Place Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together 3. Play Place Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? e 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 $4,030 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $870 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 $13 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $241,200. Salary data Print Done Teachers of two-day program: Teachers of three-day program: $424 per month $651 per month Teachers of four-day program: $860 per month Teachers of five-day program: $1,065 per month penses expenses ating expenses Preschool director's salary: $1,350 per month Play Place Preschool has 7 two-day program teachers, 4 three-day program teachers, 4 four-day program teachers, and 6 five-day program teachers. The preschool also has a director. Print Done - - X - Requirement 1. Prepare Play Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) Play Place Preschool Budgeted Monthly Operating Expenses Teachers' salary: 2-day program 848 3-day program 3255 4-day program 4300 5-day program 6,390) 1,350 Director salary 16143 Total salary expense Payroll tax expense Lease expense 123493.95 4,030 8701 Fixed operating expenses Variable operating expenses Total monthly operating expenses