The following details have been extracted from the budget of a merchandising company. Rent Expense $8,000 per month Depreciation Expense $ 3,500 per month $1,250 per month Insurance Expense Miscellaneous Expense 2% of sales, paid as incurred Commissions Expense 10% of sales Salaries Expense $7,000 per month Dec Jan Feb March Sales $45,000 $50,000 $65,000 $80,000 Commission and salaries expenses are paid 50% in the month to which they relate and the balance in the next month Rent and miscellaneous expenses are paid as and when they occur. Insurance is prepaid at the beginning of the quarter. Calculate cash payments for the selling and administrative expenses for the first quarter of the next year. A. $70,400 B. $50,500 C. $75,000 D. $62,750