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Great Start Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 164 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: (Click the icon to view salary data.) i (Click the icon to view additional information.) Requirements 1. Prepare Great Start Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Great Start Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together. 3. Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? 12 Requirement 1. Prepare Great Start Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) Great Start Preschool Budgeted Monthly Operating Expenses Teachers' salary: Salary data 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Teachers of two-day program: $440 per month Teachers of three-day program: $640 per month Teachers of four-day program: $880 per month Teachers of five-day program: $1,085 per month Preschool director's salary: $1,600 per month Great Start Preschool has 8 two-day program teachers, 4 three-day program teachers, 7 four-day program teachers, and 4 five-day program teachers. The preschool also has a director. Variable operating expenses Total monthly operating expenses Print Done