Bonita & Pharoah Fabricators produces commemorative bricks that organizations use for fundraising projects. David Bonita, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $24 each. January February March April May June 25,000 28,000 32,000 34,000 26,000 35,000 Bonita & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation $ 12,000 Sales staff salaries $ 29,000 Advertising $ 2,200 Executive salaries $ 36,000 Miscellaneous $ 1,700 In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue. Prepare Bonita & Hill's selling and administrative expense budget for the first quarter of the coming year. Miscellaneous Executive Salaries Depreciation Bad Debt Expense Commission Sales Staff Salaries Advertising January February $ $ $ $ $ $ Total Budgeted Expenses Total Budgeted Revenues Total Cash Costs Budgeted Revenues Budgeted Expenses Non-Cash Expenses $ $ January February $ $ ta $ $ ta $ Non-Cash Expenses Budgeted Expenses Total Cash Costs Total Budgeted Expenses Total Budgeted Revenues Budgeted Revenues $ TA + $ January February $ $ $ $ $ 1 Commission Advertising Sales Staff Salaries $ $ Executive Salaries Depreciation Bad Debt Expense Miscellaneous Save for Later Attempts: unlimited Submit Answer January February March Quarter $ $ $ $ $