Pearl, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $50,000 in January. $60,000 in February, and $70,000 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses Power cost Miscellaneous expenses Fixed Expenses: Salaries expense Rent expense Depreciation expense Power cost/fixed portion Miscellaneous expense/fixed portion (40% of sales) (5% of sales) $10,000 per month $5,000 per month $1,200 per month $600 per month $1,200 per month Calculate total budgeted selling and administrative expenses for the month of January COA. $22.500 B. $40,500 OC. $45,000 OD. $40.5001