You are asked to develop a forecast of expenses for the entirety of Fiscal Year 20X3 which runs from January 1 to December 31, 20X3 and have access to the most recent Departmental Expense Report. Departmental Expense Report January 1 - May 31, 20X3 Description Amount Office Supplies (F) $1,500 IV Solutions (V) 164,000 Maintenance Contracts (F) 24,000 Dues and Memberships (F) 3,250 Med/Surg Supplies (V) 680,000 Stock Drugs (V) 238,000 Books & Periodicals (F) 450 Miscellaneous (F) 1,200 Total $1,112,400 Units of Service 18,000 In addition to the numbers shown, you have the following information. In January, med/surg supplies amounting to $30,000 that had been purchased last fiscal year were returned to the vendor for a credit. In February, your department was charged $12,000 for a maintenance contract that covers the period from January 1 to December 31, 20X3. Lastly, you are anticipating the start of a new program that will begin early in the following fiscal year. You must rent space starting this year and will be making rent payments of $5,000 per month starting on September 1st. You have consulted your superiors about volume for the rest of the year and anticipate 4,000 units of service a month from June 1st through year-end.