Jenny's payment policy for selling and administration expenses is as follows: ( Of the selling and marketing expenses, 50% is paid in the month they are incurred; the remaining 50% to be paid in the following month. The selling and admin expense payable at the end of March was $70,000, which represents 50% of March's selling expenses. (ii) Insurance expense is $800 a month; however, the insurance is paid quarterly in the first month of each quarter, (i.e., in January, April, July, and October). (iii) Property taxes are paid once a year in December. Required: The projected total selling and admin expenses for April are: M (3 Points) Jenny Inc. has the following projected costs for the second quarter of 20YY: April |$200,000 800 500 700 May $250,000 800 Selling and marketing expenses (1) JOffice Insurance expense (ii) Office depreciation expense Property tax expense (iii) June $300,000 1800 500 1700 500 700 $202,000 $170.800 $172,400 None of the answer choices is correct