October November December 30,000 15,000 12,000 14,400 16,500 2,100 90,000 30,500 15,500 12,000 14,400 16,500 31,000 15,300 12,000 14,400 16,500 2,500 91,700 2,300 91,200 Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment Utilities Total Operating Expenses Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions Insurance Expense Rent 100% of Prior Months Utilities Expense Total Payments for S&A Expenses ? 15,100 12,000 ? 2,200 ? 30,500 ? 12,000 ? ? ? ? 12,000 14,400 ? ? What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement? Multiple Choice $91,700 $272,900 $223,400 $222.900