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October November December Budgeted S&A Expenses Salary Expense 32,000 32,500 33,000 Sales Commissions 5% of Sales 16,000 16,500 16,300 Insurance Expense 13,000 13,000 13,000 Rent 15,600 15,600 15,600 Depreciation on equipment 18,000 18,000 18,000 Utilities 2,200 2,400 2,600 Total Operating Expenses 96,800 98,000 98,500 Schedule of Cash Payments for S&A Expenses Salary Expense 2 32,500 2 100% of Prior Month Sales 16,100 2 2 Commissions Insurance Expense 13,000 13,000 13,000 Rent 2 ? 15,600 1008 of Prior Months Utilities 2,300 2 Expense Total Payments for S&A Expenses 2 2 ? 2 2 What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter? Multiple Choice What is the amount of sales commissions payable that the company will repor Multiple Choice $33,000 O $15,300 $16,000 $16,500