ABC Company is preparing its Selling and Administrative Expense budget. ABC Company predicts sales as follows: January $7,200 February $6,100 March $8,400 ABC Company has prepared the following list of expected operating expenses: $2,300 Salary Expense per month Commissions 5% of monthly Sales Rent Expense $1,300 per month $200 Depreciation per month January is ABC Company's first month of operations, so there are no beginning account balances. Commissions are paid the month after they are earned What is ABC Company's budgeted total payment for selling and administrative expense for the month of March? $4,105 $4,020 $3,905 $4,220