The following details have been extracted from the budget of a merchandising company. Rent Expense $8,100 per month Depreciation Expense $4,000 per month Insurance Expense $2,000 per month Miscellaneous Expense 2% of sales, paid as incurred Commissions Expense 10% of sales Salaries Expense $7,000 per month Dec $45,000 Jan $50,000 Feb $65,000 March $80,000 Sales Commissions and salaries expenses are paid 50% in the month to which they are incurred and the balance in the next month. Rent and miscellaneous expenses are paid as and when they occur. Insurance is prepaid at beginning of the quarter. Calculate cash payments for the selling and administrative expenses for the first quarter of the next year. A. $26,850 B. $51,300 C. $21,650 D. $72,950