Using the attached expense report, which of the following is the correct amount to budget for the annual utilities costs? You anticipate utility costs to rise 7% per year due to inflation. You also expect to double your office space by expanding into an unoccupied space adjacent to your current office beginning July 1.

Group of answer choices

$4,057

$3,021

$1,803.28

$994.26

12/14/04 Page 1 EXPENCE REPORT From 12/1/03 to 11/30/04 Ck Num 4990 5004 5029 5035 5035 5047 5073 5103 5133 5159 5181 5182 5204 5229 5233 5262 5272 5287 5295 5315 5323 5344 5366 5375 Date 01/07/04 01/21/04 02/06/04 02/20/04 03/05/04 03/19/04 04/02/04 04/16/04 05/08/04 05/22/04 06/02/04 06/16/04 07/07/04 07/21/04 07/30/04 08/13/04 09/02/04 09/16/04 10/09/04 10/23/04 10/29/04 11/12/04 12/07/04 12/11/04 Payee Gas Company Power Company Gas Company Power Company Gas Company Power Company Gas Company Power Company Power Company Gas Company Power Company Gas Company Power Company Gas Company Gas Company Power Company Power Company Gas Company Gas Company Power Company Gas Company Power Company Gas Company Power Company Account Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Office Utilities Amount 231.13 100.35 291.01 99.56 273.12 105.22 206.65 80.47 86.42 159.23 80.21 89.91 106.06 71.51 44.73 113.69 98.81 48.72 54.52 95.44 62.94 77.10 109.23 111.51 Total 2,797.54