45. The following budget information is available for the Circle C Company for January 2008: Sales Cost of goods sold Freight out Administrative salaries Sales commissions Advertising Depreciation on store equipment Rent on administration building Miscellaneous administrative expenses Percentage of sales on credit $400,000 $270,000 $1,250 $50,000 5% of sales $10,000 $25,000 $30,000 $5,000 80% All operating expenses are paid in cash in the month incurred. The amount of expected cash outflow for selling and administrative expenses would be A) $116,250 B) $123,750 C) $131,250 D) $156,250