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The following budget information is available for the Dogwood Company for January Year 2: Sales $25,000 Salaries 3,000 Advertising 6,000 Depreciation 2,000 Rent 5,000 Sales

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The following budget information is available for the Dogwood Company for January Year 2: Sales $25,000 Salaries 3,000 Advertising 6,000 Depreciation 2,000 Rent 5,000 Sales commission 4% of sales All operating expenses are paid in cash in the month incurred. Compute total budgeted cash payments for selling and administrative expenses January Year 2. $17,000 $41,000 $15,000 $16,000

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