Problem 02-02 (Algo) [LO 2-1] The city of Lakeland levies a 2 percent tax on the value of all restaurant meals served to the public within the city limits. This year, the aggregate value subject to tax was $30.7 million, so current year revenue was $614,000. Lakeland plans to decrease the tax rate next year to 1.5 percent. Required: Compute next years restaurant tax revenue assuming next years tax base equals the current year base. Compute next years restaurant tax revenue assuming next years tax base increases to $39.3 million. Compute next years restaurant tax revenue assuming next years tax base increases to $44.3 million.