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A manufacturing company's budgeted income statement includes the following data Data extracted from budgeted income statement Mar Apr May Sales revenue $130,000 $100,000 $100,000 Jun $95,000 Commission expense (10% of sales) 13,000 10,000 10,000 9.500 Salaries expense 32,000 32,000 32,000 32,000 Miscellaneous expense-6% of sales 7,800 6,000 6,000 5,700 Rent expense 3,700 3,700 3,700 3,700 Utilities expense 2,200 2,200 2.200 2,200 Insurance expense 2,500 2,500 2,500 2.500 Depreciation expense 4,400 4,400 4,400 4,400 The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utterexpenses are assumed to be paid in the same month in which they are incurred Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of Apri wwwww www www Salarios expense 32.000 32,000 32,000 32.000 Miscellaneous expense-6% of sales 7,800 6,000 6,000 5,700 Rent expense 3,700 3,700 3,700 3,700 2,200 2,200 2,200 2,200 Utilities expense Insurance expense Depreciation exponse 2,500 2,500 2,500 2.500 4,400 4.400 4,400 4,400 The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later in addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are inoured. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April A $62,000 OB. $49,200 OC. $55,100 D. $57,600