Kapital, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of S40,000 in January, S50,000 in February, and 560,000 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses: Power cost (30% of sales) Miscellaneous expenses (10% ofsales) Salaries expense: $4,000 per month Depreciation expense: S1.400 per month Power cost/fixed portion: S800 per month Miscellaneous expenses/fixed portion: $1,200 per month Calculate total selling and administrative expenses for the month of January. O A. $33.400 O B. $16,000 C. $41.400 O D. $37,400