Notebook Company's budget committee provides the following information: (Click the icon to view the information.) Read the requirements. CEIRO 30% of current month's purchases $ 24,300 41,060 Total cash payments for purchases Requirement 3. Prepare the schedule of cash payments for selling and administrative expenses for January and February 2018. Assume 40% of the accrual for Salaries and Commissions Payable is for commissions and 60% is for salaries. The December 31 balance will be paid in January. Salaries and commissions are paid 70% in the month incurred and 30% in the following month. Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the prepaid amount. (Round your answers to the nearest whole number.) Notebook Company Budgeted Cash Payments for Selling and Administrative Expenses Two Months Ended February 28, 2018 January February Variable expenses: 30% of last month's Commission Expense 70% of current month's Commission Expense Total payments for variable expenses Fixed expenses 30% of last month's Salaries Expense 70% of current month's Salaries Expense Rent expense 3,000 3,000 Total payments for fixed expenses Total payments for S and A expenses Enter any number in the edit fields and then click Check Answer. Notebook Company's budget committee provides the following information: (Click the icon to view the information.) Read the requirements. 30% of current month's purchases - X Data Table Total cash payments for purchases Requirement 3. Prepare the schedule of ca Commissions Payable is for commissions a 30% in the following month. Rent and incom number.) December 31, 2017, account balances: me 40% of the accrual for Salaries and missions are paid 70% in the month incurred and punt. (Round your answers to the nearest whole Cash $ 18,000 Accounts Receivable 20,000 Noteb 16,000 Budgeted Cash Payments for Two Months En 12,000 2,650 January February Variable expenses: 30% of last month's Commission Expense $ 83,000 $ 85,300 41,000 Merchandise Inventory Accounts Payable Salaries and Commissions Payable Budgeted amounts for 2018: Sales, all on account Purchases, all on account Commissions Expense Salaries Expense Rent Expense Depreciation Expense Insurance Expense Income Tax Expense 41,200 4,265 4,150 5,500 70% of current month's Commission Exper Total payments for variable expenses Fixed expenses 30% of last month's Salaries Expense 70% of current month's Salaries Exp 5,500 3,000 3,000 300 300 200 200 Rent expense 1,700 1,700 Total payments for fixed expenses Total payments for S and A expenses Print Done Enter any number in the edit fields and th