Rent Expense Depreciation Expense Insurance Expense Miscellaneous Expense 2 % of sales, paid as incurred Commissions Expense 8 % of sales Salaries Expense $8.400 per month $3,500 per month $2.000 per month $6,000 per month Dec Jan Feb March Sales $55,000 $60,000 $75,000 $90,000 Commissions and salaries expenses are paid 50 % in the month to which they are incurred and the balance in the next month . Rent and miscellaneous expenses are paid as and when they occur. Insurance is prepaid at the beginning of the quarter. Calculate cash payments for the selling and administrative expenses for the first quarter of the next year OA. $26,200 O B. $70,300 O C. $49,200 O D. $21,100