The Jimenez Company sells electric appliances in the western area of Puerto Rico. Management projected that the largest sales volume is concentrated in the months of October, November, and December: So they expect to get total sales of exist 250,000 in October. Of this amount, 60% will be cash sales and 40% will be credit sales, which are expected to be charged the following month. Sales are expected to increase by 20% compared to the previous month during November and December. The management of the Company Jimenez estimates the following selling and administrative expenses projected for the quarter. The sales commission is 2% of the projected sales of the month, these are paid in the month of sale: The expense of supplies is 1% of sales and will be paid in the same month of sale and the estimated utilities expense of exist 1, 500 per month will be paid in the following month. The monthly rent of the premises is exist1,000 which will be paid on the 1st of each month: The monthly depreciation of the equipment is exist500. a. Prepare the Selling & Administrative Expenses Budget b. Prepare the Cash Payments for Selling and Administrative Expenses Schedule