ABC Company is preparing its Selling and Administrative Expense budget. ABC Company predicts sales as follows: July August $6,500 September $7.200 $8,300 ABC Company has prepared the following list of expected operating expenses: $2,200 Salary Expense per month Commissions 10% of monthly Sales Rent Expense $1,900 per month $400 Depreciation per month July is ABC Company's first month of operations, so there are no beginning account balances. Commissions are paid the month after they are earned, Determine the amount of Commissions Payable reported on the proforma Balance Sheet at the end of the quarter. $2,200 $830 $720