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Wonderland Preschool operates a not$-$for$-$profit morning preschool that operates nine months of the year. The preschool has $185$ 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:

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Requirements

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Prepare Wonderland Preschool's monthly operating budget. Round all amounts to the nearest dollar.

Using your answer from Requirement $1,$ create Wonderland Preschool's budgeted income statement for the entire nine$-$month school year. You may group all operating expenses together.

Wonderland Preschool is a not$-$for$-$profit preschool. What might the preschool do with its projected income for the year?

Requirement $1.$ Prepare Wonderland Preschool's monthly operating budget. Round all amounts to the nearest dollar. $($Round amounts to the nearest dollar.$)$

Salary data

$\backslash$table$[[$Teachers of two$-$day program:,$$442$ per month$],[$Teachers of three$-$day program:,$$644$ per month$],[$Teachers of four$-$day program:,$$880$ per month$],[$Teachers of five$-$day program:,$$1,075$ per month$],[$Preschool director's salary:,$$1,450$ per month$],[$Wonderland Preschool has $9$ two$-$day program teachers, $4,],[$three$-$day program teachers, $6$ four$-$day program teachers, and $5,],[$five$-$day program teachers. The preschool also has a director.,$]]$

More info

In addition to the salary expense, the preschool must pay federal payroll taxes $($FICA taxes$)$ in the amount of $7\mathrm{.}65\%$ 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 nine$-$month school year. Variable monthly expenses $($over the nine$-$month school year$)$ for art supplies and other miscellaneous supplies are $$6$ per child. Revenue for the entire nine$-$month school year from tuition, registration fees, and the lunch program is projected to be $$243,600.$

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