The Blue Ridge Hotel uses the simplest time series approach for forecasting monthly revenues. The current years revenues by department are multiplied by 1 + x percent to forecast the next years revenues. The current years department revenues for January and percentage increases for the coming year are provided below.

Calculate monthly forecasted revenues by department below.

Department	2018 Revenues	Percentage Increase	2019 Forecasted Revenues
Rooms	$192,000	5%
Food	45,500	3%
Beverages	18,200	4%
Telecommuting	9,400	2%