October November December Budgeted S&A Expenses Salary Expense 50,000 50,500 51,000 Sales Commissions 5% of Sales 25,000 25,500 25,300 Insurance Expense 22,000 22,000 22,000 Rent 26,400 26,400 26,400 Depreciation on equipment 31,500 31,500 31,500 Utilities 3,100 3,300 3,500 Total Operating Expenses 158,000 159,200 159,700 Schedule of Cash Payments for S&A Expenses Salary Expense ? 50,500 ? 100% of Prior Month Sales 25,100 ? ? Commissions Insurance Expense 22,000 22,000 22,000 Rent ? ? 26,400 100% of Prior Months Utilities 3,200 ? ? Expense Total Payments for S&A Expenses ? ? ? The amount of cash paid for S&A expenses during the month of November is: The amount of cash paid for S&A expenses during the month of November is: Multiple Choice $141,200 O O $127,000 $131,700 O O $134,200