Brief Exercise 14.4 (Algo) Determining the amount of cash payments for selling and administrative expenses LO 144 January budgeted selling and administrative expenses for a designer clothing store that plans to open on January 1, Year 1, are as follows sales commissions, $147,000; retail lease, $26,000, utlities, $6,100; depreclation, $2,700, and store supplies, $1,200. Utilities and the retail lease are paid in the month following their incursion. Other expenses are expected to be paid in cash in the month in which they are incurred. Required: Determine the amount of budgeted cash payments for January selling and administrative expenses