The following budget information is available for Crescent Company for January Year 2: 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 $980,000 720,000 6,100 280,000 5% of sales 56,000 86,000 96,000 46,000 80% All operating expenses are paid in cash in the month incurred. The amount of expected cash outflow for selling and administrative expenses would be