ceuget Giant gathered the following information for the first quarter of 2015: Budgeted sales for January Problem 1 (10 points) $25,000 Monthly Expenses: Salary expense $1,500 Rent expense $1,000 Depreciation expense $400 Sales commissions 10% of sales Advertising expense 8% of sales Miscellaneous expense 5% of sales Monthly sales are expected to increase 5% each month. Prepare an operating expense budget for the first quarter of 2015. Gadget Giant Operating Expense Budget For Three Months Ended March 31, 20015 January February March