Jan Feb Mar Sales Commission expense: 15% of sales Salaries expense Miscellaneous expense: 4% of sales Rent expense Utilities expense Insurance expense Depreciation expense $350,000 S425.000 $496,500 53,750 48,000 14,600 5,000 2.500 2,200 6,000 49,250 45,000 13,500 5,000 2,500 2,200 6,000 56.780 50.000 16.250 5,000 2.500 2.200 6,000 Apr S523,650 59,700 52,000 17,575 5,000 2.500 2,200 6,000 The budget assumes that 65% of commission expenses are paid in the month in which they are incurred and the remaining 35% are paid one month later. In addition, 55% of salaries expenses are paid in the month in which they are incurred, and the remaining 45% are paid one month later. Miscellancous expenses, rent expense, and utility expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. Prepare a schedule of cash payments for selling and administrative expenses for the quarter ending April 30. (24 Points)