Jezaret, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended Jezaret's selling and administrative expenses include the following: September 30, 2018, follow: (Click the icon to view the expenses.) (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrative expense budget for each of the three quarters of 2018 and totals for the nine-month period. Jezaret, Inc. Selling and Administrative Expense Budget i Data Table X Nine Months Ended September 30, 2018 Quarter Quarter Quarter Ended Ended Ended Nine-month Rent, $3,200 per month March 31 June 30 September 30 Total Salaries, $1,000 per month Variable expenses: Commissions, 3% of sales Depreciation, $1,800 per month Miscellaneous expenses, 1% of sales Total variable expenses Fixed expenses: Print Done Total fixed expenses Total selling and administrative expensesReference - X Jezaret, Inc. Sales Budget Nine Months Ended September 30, 2018 Quarter Ended Nine-Month March 31 June 30 September 30 Total Cash sales, 20% $ 30,000 $ 40,000 $ 35,000 $ 105,000 Credit sales, 80% 120,000 160,000 140,000 420,000 Total sales $ 150,000 $ 200,000 $ 175,000 $ 525,000 Jezaret, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2018 Quarter Ended Quarter Ended Quarter Ended Nine-Month March 31 June 30 September 30 Total Cost of goods sold $60,000 $80,000 $70,000 $210,000 Plus: Desired ending merchandise inventory $43,000 $42,000 $45,000 Total marshandion inventory required +102 Ann Print Done