Kapital, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $ 45 comma 000$45,000 in January, $ 55 comma 000$55,000 in February, and $ 65 comma 000$65,000 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses: Power cost (2020% of sales) Miscellaneous expenses: (1010% of sales) Fixed Expenses: Salary expense: $ 8 comma 000$8,000 per month Rent expense: $ 5 comma 000$5,000 per month Depreciation expense: $ 1 comma 200$1,200 per month Power cost/fixed portion: $ 800$800 per month Miscellaneous expenses/fixed portion: $ 1 comma 200$1,200 per month Calculate total selling and administrative expenses for the month of January.