Zoo Extravaganza is a not-for-profit organization. Zoo Extravaganza took over the county zoo, with the provision that the county would provide a subsidy for its operations. The county provides $7,000...

Zoo Extravaganza is a not-for-profit organization. Zoo Extravaganza took over the county zoo, with the provision that the county would provide a subsidy for its operations. The county provides $7,000 per month. The rest of the zoo’s revenues come from admission charges, which are as follows: $20 for a family admission (the average family has four people), $3 per child in school groups, $5 per child ticket when not in a school group, and $8 per adult ticket.

Each ticket entitles the visitor to ride on the “Train Around the Zoo.” However, only one third of all visitors actually ride the train.

The zoo expects the following number of visitors per month:

The zoo has the following monthly expenses in four general areas:

Create a monthly operating budget. Show revenues and expenses by line item and show the expected profit or loss.