statement Mar Apr May Jun Sales revenue $140,000 $80,000 $140,000 $95,000 Commission expense (10% of sale) 14,000 8,000 14,000 9,500 Salaries expense 32.000 32.000 32.000 32,000 Miscellaneous expense-6% of sales 8,400 4.800 8.400 5.700 Rent expense 3,800 3,800 3,800 3.800 Utilities expense 2.300 2,300 2,300 2.300 Insurance expense 2.900 2.900 2.900 2,900 Depreciation expense 4.200 4.200 4.200 4,200 The budget assumes that 60% of commission expenses are paid in the month they were incurred, and the remaining 40% are paid one month later, in addition 50% of salaries expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and lite expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May? O A $54,500 OB. 558,100 OC. $46,500 OD. $52.000