4 Check my work 5 The budget director for Franklin Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations; accordingly, there are no beginning account balances. 1.11 points Required eBook a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. Hint Print References Complete this question by entering your answers in the tabs below. Req A Req B and C October November December $ 5,900 $ 5,700 5,900 6,100 Budgeted S&A Expenses Equipment lease expense Salary expense Cleaning supplies Insurance expense Depreciation on computer 2,770 3,030 5,900 $ 5,200 2,890 1,400 2,400 1,500 1,400 1,400 2,400 2,400 1,500 Rent 1,500 Miscellaneous expenses 780 780 780 $ 20,070 $ 20,450 $ 21,110 Total operating expenses Schedule of Cash Payments for S&A Expenses Equipment lease expense Prior month's salary expense, 100% Cleaning supplies Insurance premium Depreciation on computer Rent Miscellaneous expenses Total disbursements for operating expenses 19,470 $ 16,150 $ 16,910 Complete this question by entering your answers in the tabs below. Req A Req B and C ok Determine the amount of salaries payable and prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. ht nt -nces b. Salaries payable c. Prepaid insurance