Budgeted selling and administrative expenses per month follow Salary expense (fixed): S38400 . Sales commissions: 5 percent of Sales . Supplies expense: 2 percent of Sales . Utilities (fixed): $3200 . Depreciation on store equipment (fixed): You compute Rent (fixed) S 12000 . Miscellaneous (fixed): $ 2000 The capital expenditures budget indicates that the company will spend $900000 on October 1 for store fixtures, which are expected to have a $24000 residual value and a 96 month useful life Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred In excel, prepare the selling and administrative expenses budget and the cash payments budget for selling and administrative expenses. Check the key figures below. Selling and dmin.Expense udget Salary expense Sales commissions October November December Total-Qtr se Utilities Depreciation on store xtures Rent Miscellaneous Total S&A expenses ash payments ctober November December Total alary expense Sales commissions upplies expense Utilities Depreciation on store fixtures iscellaneous Total payments for S&A Budgeted selling and administrative expenses per month follow Salary expense (fixed): S38400 . Sales commissions: 5 percent of Sales . Supplies expense: 2 percent of Sales . Utilities (fixed): $3200 . Depreciation on store equipment (fixed): You compute Rent (fixed) S 12000 . Miscellaneous (fixed): $ 2000 The capital expenditures budget indicates that the company will spend $900000 on October 1 for store fixtures, which are expected to have a $24000 residual value and a 96 month useful life Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred In excel, prepare the selling and administrative expenses budget and the cash payments budget for selling and administrative expenses. Check the key figures below. Selling and dmin.Expense udget Salary expense Sales commissions October November December Total-Qtr se Utilities Depreciation on store xtures Rent Miscellaneous Total S&A expenses ash payments ctober November December Total alary expense Sales commissions upplies expense Utilities Depreciation on store fixtures iscellaneous Total payments for S&A