Crane Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $19,200 in the first quarter, and $3,200 increments are expected in the remaining quarters of 2022. Fixed expenses are expected to be $32,000 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2022. CRANE COMPANY Selling and Administrative Expense Budget Quarter 1 2. 3 $ 4 Year $ $ $ $