The following budget information is available for Crescent Company for January Year 2: 7 302 Sales Cost of goods sold Utilities expense Administrative salaries Sales commissions Advertising Depreciation on store equipment Rent on administration building Miscellaneous administrative expenses Percentage of sales on credit $800,000 540,000 2,500 100,000 5% of Sales 20,000 50,000 60, eee 10,000 805 All operating expenses are paid in cash in the month incurred. The amount of expected cash outflow for selling and administrative expenses would be 8 00:12:22 Multiple Choice $247500 $232,500 $312.500 $262.500