0122:40 DO Salary expense (fixed) $19,400 Sales comissions 5% of Sales Supplies expense 2% of Sales Utilities (fixed) $ 2,800 Depreciation on store fixtures (fixed)" $ 5,400 Rent (fixed) 56,200 Miscellaneous (fixed) $ 2,600 "The capital expenditures budget indicates that Stuart will spend 5228.400 on October 1 for store fixtures, which are expected to have a 534,000 salvage value and a three-year (36-month) useful life. Use this information to prepare a selling and administrative expenses budget t. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses 9. Stuart borrows funds, in increments of $1000, and repays them on the last day of the month Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $26,000 cash cushion. Prepare a cash budget h. Prepare a proforma income statement for the quarter I. Prepare a proforma balance sheet at the end of the quarter J. Prepare a proforma statement of cash flows for the quarter Prim Deferences Salary expense (fixed) $19,400 Sales commissions 5% of Sales Supplies expense 2% of Sales Utilities (fixed) $ 2,800 Depreciation on store fixtures (fixed)" $ 5,400 Rent (fixed) $ 6, 200 Miscellaneous (fixed) $ 2,600 "The capital expenditures budget indicates that Stuart will spend $228,400 on October 1 for store fixtures, which are expected to have a $34,000 salvage value and a three year (36-month) useful life. Use this information to prepare a selling and administrative expenses budget