Stratton County Community College is adding a band program that will be open to college students and also to the community. The music department chair has asked you to prepare a special purpose budget for the program for the next two semesters. Prepare the budget for the full academic year using an accrual basis using the following information: The band will derive revenue from three sources. Students enrolled in band classes will pay $425 per semester. The college has two semesters each year. Community members will pay $50 per semester to play in the band but will not receive course credit. The only other revenue will come from the sale of tickets to the six concerts that the band intends to give each academic year. The faculty expects to have 35 students enrolled in band classes each semester and also expects another 20 people from the community to play in the band each semester. Based on discussions with other universities, Stratton expects its concerts to attract 300 people on average and expects to charge $2.50 per ticket. To run the band program, Stratton will have to hire a graduate assistant at a cost of $15,000 per academic year (two