The following budget information is available for Crescent Company for January Year 2: Sales: Cost of goods sold $840,000 580,000 Utilities expense 3,300 Administrative salaries 140,000 Sales commissions 5% of sales Advertising 28,000 Depreciation on store equipment 58,000 Rent on administration building 68,000 Miscellaneous administrativ 18,000 expenses Percentage of sales on credit 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: