The following budget Information is available for the Arch Company for January Year 2 Sales Cost of goods sold Utilities expense Administrative salaries Sales commissions Advertising Depreciation on store equipment Hent on administration building Miscellaneous administrative expenses $1,060,000 740,000 6,800 300,000 5t of sales 60,000 90,000 100,000 50,000 Al operating expenses are paid in cash in the month incurred. Compute the total budgeted selling and administrative expenses (excluding interest) amount for January Year 2