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(Click the icon lo viw salary data.) (i) (Click the icon to vew addationat information.) Requirements 1. Prepare Play Place Preschoofs monthly coerating budget. Round at amounts to the nearest dollar. 2. Using your answer froen Requirement 1, creafe. Play. Place Preschoorn budpoted income statement for the entire eight-month school yeav. You may group all operating expenses fogechet. 3. Play Place Prevchoot is a not fom-profit preschool. What might the preschool do with its propected income for the year? Requirement 1. Prepars Piry Place Preschools montlly operating budget. Round all amounts to the nescest doliar. (Round amounts to the neavest dollac) Salary data 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 $4,080 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $870 per month over the eight-month school year. Variable monthly expenses (over the eight-month school year) for art supplies and other miscellaneous supplies are $9 per child. Revenue for the entire eight-month school year from tuition, registration fees, and the lunch program is projected to be $230,600