The budged unit sales of Haerve Company for the upcoming fiscal year are provided below: The company's variable selling and administrative expenses per unit are $2.75. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $40,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $6,000 in the 2 nd quarter and $6,000 in the 4 th quarter. Finally, property taxes of $6,000 will be paid in the 3rd quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year