October November December 16 Budgeted S&A Expenses Salary Expense 18,000 18,500 19,000 Sales Commissions 5% of Sales 9,000 9,500 9,300 Insurance Expense 6,000 6,000 6,000 01:34:02 Rent 7,200 7,200 7,200 Depreciation on equipment 7,500 7,500 7,500 Utilities 1,500 1,700 1,900 Total Operating Expenses 49,200 50,400 50,900 Schedule of Cash Payments for S&A Expenses Salary Expense ? 18,500 ? 100% of Prior Month Sales Commissions 9,100 P ? Insurance Expense 6,000 6,000 6,000 Rent ? ? 7,200 100% of Prior Months Utilities Expense 1,600 ? ? Total Payments for S&A Expenses ? ? ? The amount of cash paid for S&A expenses during the month of November is: Multiple Choice $44,600