October November December Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense 50,000 50,500 51,000 25,300 22,000 26,400 25,000 25,500 22,000 22,000 Rent 26,400 26,400 Depreciation on equipment 31,500 3,100 31,500 3,300 31,500 Utilities 3,500 Total Operating Expenses 158,000 159,200 159,700 Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions 50,500 25,100 Insurance Expense 22,000 22,000 22,000 Rent 26,400 100% of Prior Months Utilities Expense 3,200 Total Payments for S&A Expenses What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter?

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 Commissions 25,100 ? ? Insurance Expense 22,000 22,000 22,000 Rent 2 ? 26,400 100% of Prior Months Utilities Expense 3,200 ? Total Payments for S&A Expenses ? > ? What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter