ULUI Rado Company classifies its selling and administrative expenses budget into variable and fixed components. It expects variable expenses to be $23,900 in the first quarter, and expects $5,200 increments in the remaining quarters of 2020. It expects fixed expenses to be $43,800 in each quarter. Prepare the selling and administrative expenses budget by quarters for 2020. RADO COMPANY Selling and Administrative Expense Budget For the Year Ending December 31, 2020 Quarter Year Variable costs $ $ $ 1 Fixed costs Total $