Prepare draft event budgets Based on the information provided below, prepare the event budget The event committee has asked you to prepare two alternative revenue statement budgets based on ticket prices of $100.00 and $200.00. They wish to determine the most feasible and profitable alternative for their organisation. From previous experience in projects, it has been identified that a specific percentage of ticket sales revenue is spent on additional expenses, such as advertising, printing, decorating the venue and entertainment for the event. These expenses need to be included in the revenue statement budgets. Additional expenses % of revenue Advertising 1% Printing 0.25% Room decoration 3% Entertainment 5% Total 9.25%