Pearl, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $45,000 in January, $55,000 in February, and $65,000 in March Variable and fixed selling and administrative expenses are as follows: Variable Expenses Power cost (30% of sales) . Miscellaneous expenses (15% of sales) Fixed Expenses Salaries expense: $10,000 per month Rent expense $5,000 per month Depreciation expense $1,400 per month Power cost/fixed portion $500 per month Miscellaneous expenses/fixed portion $1,000 per month Calculate total budgeted selling and administrative expenses for the month of January O A. $38,150 OB. $20,250 O C. $47,150 OD. $42,650