The Mansfield Company manufactures and sells two lines of fishing rods. During the most recent accounting period, the Pro line and the Novice line sold 15,600 and 2,600 units, respectively. The company's most recent financial statements are shown below: Pro Novice Sales $936,000 $312,000 Less cost of goods sold: Unit-level production cost 624,000 175,500 Depreciation, production equipment 134,000 65,000 Gross margin $178,000 $71,500 Less operating expenses: Unit-level selling and administrative costs 41,500 84,500 Corporate-level facility expenses (fixed) 37,440 37,440 Net income (loss) $99,060 $(50,440) Based on this information, the company should:The following budget information is available for the Arch Company for January Year 2: Sales $ 870,000 Cost of goods sold 550,000 Utilities expense 3,000 Administrative salaries 110,000 Sales commissions 5 % of sales Advertising 22,000 Depreciation on store equipment 52,000 Rent on administration building 62,000 Miscellaneous administrative expenses 12,000 All 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.