Exercise 8-6 (Algo) Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: The company's varlable selling and administrative expense per unit is $3.40. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $34,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $8,200 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Exerclse 8-9 (Algo) Budgeted Balance Sheet [LO8-10] The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following dats to use in preparing its budgeted belance sheet for next year: The beginning balance of retained esmings wos $31,000, net income is budgeted to be $15,100, and dividends are budgeted to be $5,000. Required: Prepare the compony's budgeted balance sheet. (Amounts to be deducted should be Indicated by a minus sign.)