Please create a salary budget for St. Molloy Hospital for the year. You are opening a new patient care unit of 30 medical-surgical patient beds which will be opened for the entire year. You will be staffing the unit as follows:Day shift (7:00 am 7:00 pm) - RN to patient ratio of 6 patients to 1 nurse. Each nurse will be assigned one Patient Care Associate (PCA) daily. The nurses and PCAs work three twelve hour days (12 hour days) per pay period. Each pay period is 2 weeks. There is one unit secretary, one Nurse Manager and one Assistant Nurse Manager. The unit secretary, Nurse Manager and Assistant Nurse Manager work five days a week 8 hour days. Night shift (7:00 pm 7:00 am) - RN to patient ratio of 10 patients to 1 nurse. Each nurse will be assigned one Patient Care Associate (PCA) per night. The nurses and PCAs work three twelve hour nights (12 hour nights) per pay period. Each pay period is 2 weeks. There are two Assistant Nurse Managers who cover 7 nights per week- 10 hour shifts (9pm- 7am). There is no unit secretary on at night. 1- Average salary for RN = $ 40 per hour2- Average salary for PCA = $ 15 per hours.3- Salary for Nurse Manager = $120,000 annually4- Salary for Unit Secretary = $ 12 annually5- Salary for Assistant Nurse Manager = $ 90,000 annually6- Night differential is paid to non-management staff at a 10% differential for all hours worked after 7pm and up until 7 am.7- Benefits (health and disability) should be calculated at 30% of salary expense.8- Replacement time for vacation, sick, and holiday should be calculated at 20%.9- Assume the Average Daily Census for the unit is 25 patient beds. Patient days should be calculated using 25 beds X 365 days/ year.10- Assume hours worked for 5 days a week are 40 per week or 2,080 hours annually (40 X 52 weeks).11- Assume hours worked for 3 days a week are 36 per week or 1,872 hours annually (36 X 52 weeks).12- Assume hours worked for 10 hour shifts are 7 shifts every 2 weeks or 70 hours per two weeks or 1,820 annually. Assignment: Please create an excel spreadsheet and calculate the following:1- How many FTEs will be included in your budget?2- How many full-time and part-time employees will you need to cover all shifts for the year?3- What is the total salary expense for the year?4- What is the total benefit expense for the year? 25- What is the total personnel budget for the year? 6- Please calculate the Patient Care hours ratio. Patient Care hours are calculated by Direct Care giver hours worked per year (RN and PCA)/ Total patient days.7- On which financial statement would you find salary expense and benefit expense?8- Please prepare the journal entry for the annual salary expense.9- Please prepare the journal entry for the annual benefit expense.