From the following details, provided by a merchandiser, prepare the selling and administrative expenses budget for the first quarter of the next year.

Rent Expense Depreciation Expense Insurance Expense Miscellaneous Expense Commissions Expense Salaries Expense $8,000 per month $ 3,500 per month $1,250 per month 2% of sales, paid as incurred 10% of sales $7,000 per month Sales Jan $50,000 Feb $65,000 March $80,000