The following budget information is available for the Arch Company for January Year 2:

Sales	$	860,000
Cost of goods sold		540,000
Utilities expense		2,800
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

All operating expenses are paid in cash in the month incurred. Compute total budgeted selling and administrative expenses (excluding interest) amount for January Year 2.

Multiple Choice

• $262,500

• $240,000

• $283,000

• $285,800