Problems: There are two budget problems to complete. Ther first is to calculate amounts to use in budgeting based on actual information and formulas. The second is to prepare an annual budget based on that information. Following is information for the Rooms Department for the 600 room Flagstaff hotel for the first six months of the year. Room Revenue 10,420,000 Transient Rooms Sold Group Rooms Sold Total Rooms Sold 77,36042,640120,000 Operating Expenses Linen Cleaning Supplles Guest Supplies Outside Services taundry Concierge Expense office Supplies Reservation Expense Reservation Dept. All Other Expense Total Operating Expenses: $562,080,00 $120,000.00 $1,076,680,00 tyour own words ost of linen per mooth {6 months } ost of cleaning supplles for eath time a room was booked. (Dilint Number of tranilent roomins sold * 505+56) Probiem 2 Prepare the annual operating eipense budget for the nect veat usiog the formulat from wrotiem 1 and the folowing assumption. Remebmer thete are 12 months in a fiscal year; foushd toller a thounte to two decimas. (tilnt Number of transient rooms woid +50+56 )