4. Western Diaries' budgeted income statement includes the followi Sales Commission expense: 15% of sales Salaries expense Miscellaneous expense: 4% of sales Rent expense Utilities expense Insurance expense Depreciation expense Jan Feb M $350,000 $425,000 $49 49,250 53,750 5 45,000 48,000 50 13,500 14,600 16 5,000 5.000 5 2,500 2.500 2 2.2001 2.200 2, 6,000 6,000 ulalS cila The budget assumes that 65% of commission expenses are paid in t incurred and the remaining 35% are paid one month later. In addition are paid in the month in which they are incurred, and the remaining 45 Miscellaneous expenses, rent expense, and utility expenses are assun month in which they are incurred. Insurance was prepaid for the year Prepare a schedule of cash payments for selling and administrative exp ending April 30. (24 Points) 4. Western Diaries' budgeted income statement includes the following data: Sales Commission expense: 15% of sales Salaries expense Miscellaneous expense: 4% of sales Rent expense Utilities expense Insurance expense Depreciation expense Jan Feb Mar $350.000 $425,000 $496,500 49,250 53,750 56,780 45,000 48,000 50,000 13,500 14,600 16,250 5.000 5.000 5,000 2.500 2,500 2.500 2.200 2.200 2.200 6.000 6,000 6,000 Apr $523,650 59.700 52,000 17.575 5,000 2.500 2.200 6.000 The budget assumes that 65% of commission expenses are paid in the month in which they are incurred and the remaining 35% are paid one month later. In addition, 55% of salaries expenses are paid in the month in which they are incurred, and the remaining 45% are paid one month later. Miscellaneous expenses, rent expense, and utility expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. Prepare a schedule of cash payments for selling and administrative expenses for the quarter ending April 30. (24 Points)