The Cottonwood Company for sales volumes of $300,000, $350,000, and $400,000, based on the following data Sales commissions Sales manager's salary Advertising expense Shipping expense Miscellaneous selling expense 6% of sales $120,000 per month $90,000 per month 1% of sales $6,000 per month plus 1.5% of sales Required: Prepare a monthly fiexible seling expense budget for Cottonwood Company for December, 2016. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Labels and Amount Descriptions Labels December 31, 2016 For the Month Ending December 31, 2016 Amount Advertising expense Miscellaneous selling expense Sales commissions Sales salaries expense Sales volume Shipping expense Total fixed expense Shipping expense Total fixed expense Total selling expense Total variable expense Selling Expense Budget Prepare a monthly flexible selling expense budget for Cottonwood Company for December, 2016. Refer to the ists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Cottonwood Company Monthly Selling Expense Budget (Label) Sales volume 300,000.00 $350,000.00$400,000.00 2Variable expense Fixed expense Prepare a monthly iexitle seling expense budget for Cottonwood Company for December, 2016. Refer to the Nsts of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Cottonwood Compay Monthly Selling Expense Budget (Label) 1Sales volume 300,000.00 $350,000.00 400,000.00 Variable expense 7 Fixed expense 10