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Reagan Gas provides gas utilities to a wide area of eastern Illinois. During the month...

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Accounting

Reagan Gas provides gas utilities to a wide area of eastern Illinois. During the month of May, it billed 22,700 of its residential customers located in the town of Moline a total of $2,430,000 for electricity (this is considered revenue). In addition, Reagan is required to collect the following taxes:
State Excise Tax: A tax of $3.00 per customer plus 2% of billing used to fund the Kentucky Energy Commission
Federal Excise Tax: A tax of $0.50 per customer plus 0.1% of billing used to fund the Federal Energy Commission
Required:
When required, round your answers to two decimal places.
1. Determine how much Reagan will bill these customers in total for the month of May.

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