The following budget information is available for crescent company for January 2014: Sales 800,000 Cost of goods sold 540,000 Freight out 2,500 Administrative salaries 100,000 Sales commissions 5% of sales Advertising 20,000 Depreciation on store equipment 50,000 Rent on administration building 60,000 Miscellaneous administrative expenses 10,000 Percentage of sales on credit 80%