The following budget information is available for Crescent Company for January Year 2 22:07 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, eee 540,000 2,500 180,000 5% of Sales 20,000 50,000 60,000 10,000 BOX 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 8 00:21:49 $312,500 $247,500. O $232,500 $262,500