Problem 3 (8 points): New Orleans Outpatient Surgery Center is developing an operating budget for the year ending June 30, 2025. The Center expects to perform 80 surgical procedures each month and also anticipates an increase to 86 procedures per month starting on March 1, 2025. New Orleans' average charge (price, revenue) per surgical procedure is $2,500 and they expect an increase of 3% starting January 1, 2025. The cost of disposable surgical supplies is $300 per surgical procedure. New Orleans Outpatient Surgery Center also contracts with orthopedic surgeons at a fee (expense) of $1,500 per surgical procedure and they have been informed this fee will increase by 5.38% on February 1, 2025. The monthly salaries for the Center's receptionist, bookkeeper, and two surgical nurses total $10,500. The staff will receive a raise of 2.8% on October 1, 2024. The Center's occupancy costs, which include space rental, insurance, and all utilities, are $8,200 per month. Average monthly communication costs are $1,200. Office and operating room equipment was installed at a cost of $240,000. The equipment is expected to have a five-year life and has no salvage value. Prepare New Orleans Outpatient Surgery Center's Operating Budget for the year ending June 30, 2025. Your budget should also include a monthly budget for each of the twelve months in the fiscal year. Lastly, the budget should show a cumulative budget total for the entire fiscal year.