Play Place 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: (Click the icon to view salary data.) Requirements i (Click the icon to view additional information.) 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 eight-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?