Saved Indicate whether each of the following statements is true or false. The Selling and Administrative Expense (S&A) budget includes depreciation expense, which is based on projections from the captai expenditures budget. (Click to select) Interest expense on the S&A budget is based on borrowing projections shown in the cash budget (Click to select) The schedule of cash payments for selling and administrative expenses includes the amount of depreciation expense for the period (Click to select) A pro forma financial statement could be described as a budgeted financial statement (Click to select) Pro forma financial statements include amounts drawn from the sales budget the inventory purchases budget the S&A budget and the cash budget (Click to select)