Kingbird Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $24,900 in the first quarter, and expects $5,300 increments in the remaining quarters of 2022. It expects fixed expenses to be $37,500 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2022. KINGBIRD COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2022 Quarter 2 3 4 Variable costs $ $ to Fixed costs Total $ tA $ $