The following budget information is available for Crescent Company for January Year 2 Sales Cost of goods sold Utilities expense $800,000 Administrative salaries 540,000 2,500 100,000 Sales commissions 5% of Sales Advertising 20,000 Depreciation on store equipment 50,000 Bent on administration building 60,000 Miscellaneous administrative expenses 10.000 Percentage of sales on credit 00% wconnect.mheducation.com%252FAL Help Save & Exit Submit All operating expenses are paid in cash in the month incurred. The amount of expected cash outflow for selling and administrative expenses would be! Multiple Choice $241500