Sales for Smith Company are expected to be $290,000 for February and $340,000 in March. The following budgeted expenses are expected for March Rent Expense $38,000 per month Depreciation Expense $14,000 per month Insurance Expone (prepaid for 1st quarter on January 1) $800 per month Miscellaneous Expense (paid as incurred) 5% of sales Commissions Expense (50% paid in current month, 50% paid in following month) 15% of sales Salaries Expenso $30,000 per month What is the expected total selling and administrative expenses for the month of March? A 5146,250 OB. 5150,000 OC. $133,050 OD. $147,050