October November December Budgeted S&A Expenses Salary Expense 10,000 11,000 10,500 5,500 Sales Commissions 5% of Sales 5,000 5,300 2,000 Insurance Expense 2,000 2,000 Rent 2,400 2,400 2,400 1,500 Depreciation on equipment 1,500 1,500 Utilities 1,100 1,300 1,500 Total Operating Expenses 22,000 23,200 23,700 Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions ? 10,500 ? 5,100 ? ? Insurance Expense 2,000 2,000 2,000 2,400 Rent ? ? 100% of Prior Months Utilities Expense 1,200 ? ? Total Payments for S&A Expenses ? ? ? What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement