Tremont, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for Tremont's selling and administrative expenses include the following: the nine months ended September 30, 2024, follow: (Click the icon to view the expenses.) (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrative expense budget for each of the three quarters of 2024 and totals for the nine-month period. Data Table Tremont, Inc. Selling and Administrative Expense Budget Nine Months Ended September 30, 2024 Quarter Quarter Ended Ended March 31 June 30 Quarter Ended Nine-month September 30 Total Rent, $1,200 per month , Salaries, $3,800 per month Commissions, 2% of sales Depreciation, $900 per month Miscellaneous expenses, 1% of sales Variable expenses: Total variable expenses Print Done Fixed expenses: Total fixed expenses Total selling and administrative expenses Reference Tremont, Inc. Sales Budget Nine Months Ended September 30, 2024 Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 54,000 $ 74,000 $ 64,000 $ 192,000 81,000 111,000 96,000 288,000 $ 135,000 $ 185,000 $ 160,000 $ 480,000 Cash sales, 40% Credit sales, 60% Total sales Tremont, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 , Quarter Ended Quarter Ended Quarter Ended March 31 June 30 September 30 Cost of goods sold $ $54,000 $74,000 $64,000 Plus: Desired ending merchandise inventory $17,400 $16,400 $19,400 Total merchandise inventory required $71,400 $90,400 $83,400 Less: Beginning merchandise inventory $19,000 $17,400 $16,400 $52,400 $73,000 $67,000 Budgeted purchases Nine-Month Total $192,000 Choose from any list or enter any number in the input