October November December Budgeted S&A Expenses Salary Expense 22,000 22,500 23,000 Sales Commissions 5% of Sales 11,000 11,500 11,300 Insurance Expense 8,000 8,000 8,000 Rent 9,600 9,600 9,600 Depreciation on equipment 10,500 19,500 10,500 Utilities 1,700 1,900 2,100 Total Operating Expenses 62,800 64,000 64,500 Schedule of Cash Payments for S&A Expenses Salary Expense 22,500 100% of Prior Month Sales Commissions 11,100 Insurance Expense 8,000 8,000 Rent 9.600 100% of Prior Months Utilities Expense 1,800 Total Payments for S&A Expenses What is the total amount of S&A expenses for the fourth quarter that the con pany will report on its pro forma income statement Multiple Choice 564,500 O $191,300 oooo O $60,300 $159.800