Salary data Nice Place Preschool has 9 two-day program teachers, 3 three-day program teachers, 3 four-day program teachers, and 2 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 7.65% of salary expense. The preschool leases its facilities from a local church, paying $4,090 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $860 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 $7 per child. Revenue for the entire eight-month school year from tuition, registration fees, and the lunch program is projected to be $241,200. Nice Place Preschool operates a not-for-profit morning preschool that operales eight months of the year. The preschool has ta0 kids enroled in its various programe. The preschoois primary expense is payrol. Teachers are paid a flat salary each of the eight months as follows: WH (Click the icon to view salery data.) Requirements 1. (Cick the icon to viow additional information.) 1. Prepare Nice Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer trom Requirement 1, create Nice Place Preschools budgeted inoome statement for the entire eight-month school yoar. You may group all operatng expenses together. 3. Nice Place Preschool is a not-for-profit preschool. What might the preschool do with its projected lncome for the year? Requirement 1. Prepare Nice Place Preschools monthly operating budget. Round all amounts to the nearest dollar: (Round amounts to the nearest dollar.)