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Play Place Preschool operates a not-for-profit morning preschool that operates nine months of the year. Play Place has 133 kids enrolled in its various programs Play Place's primary expense is payroll. Teachers are hired so that there are no more than eight kids per teacher. Teachers are paid a flat salary each of the nine months as follows: (Click the icon to view the 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. Assume that the operating revenue is $237,055. You may group all operating expenses together. 3. Play Place is a not-for-profit preschool. What might Play Place do with its projected income for the year? Requirement 1. Prepare Play Place Preschool's monthly operating budget. (Round your answers to the nearest whole dollar.) Play Place Preschool Budgeted Monthly Operating Expenses Salary data Teachers' salary Two-day program Three-day program Four-day program Teachers of two-day program: Teachers of three-day program: Teachers of four-day program: Teachers of five-day program: Preschool director's salary: $432 per month $654 per month $858 per month $1,075 per month $1,200 per month Five-day program Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Play Place has seven two-day program teachers, four three-day program teachers, six four-day program teachers, and two five-day program teachers. Play Place also has one director. Variahla nnaratinn avnanoo Print Done More info In addition to the salary expense, Play Place must pay payroll taxes in the amount of 7.65% of salary expense. Play Place leases its facilities from a local church, paying $4,020 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $860 per month over the nine-month school year. Variable expenses for art supplies and other miscellaneous supplies are $12 per child per year. Revenue for the entire nine-month school year from tuition and registration fees is projected to be $237,055. Print Done Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses