Capital expenditures budget calls for the cash purchases of $130,000 of store fixtures. The fixtures were purchased on Oct. 1, have a useful life of 10 years and a salvage value of $10,000. Sales commissions and utilities are paid the following month. depreciation per month = Sales From Hamton's sales budget: Total Budgeted Sales (130,000-10,000)/10/12= 1000 Oct Nov Dec 160,000 192,000 230,400 Hampton Hams Selling and Adminstrative (S&A) Expense Budget Section 1: Projected S&A Expenses Salary Expense Sales Commissions 2% of Sales Pro Forma Oct Nov Dec Data Supplies Expens 1% of Sales Utilities Depreciation on Store Equipment Rent Miscellaneous Total S&A Expenses before Interest Section 2: Schedule of Cash Payments for S&A Expenses Salary Expense 100% of prior month's sales commissions Supplies Expenses, 1% of sales 100% of prior month's utility expenses Rent expenses Miscellaneous expenses Total Payments for S&A Expenses