Waterway Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2022, the following data are available 1 Sales: 20.400 units quarter 1: 22,440 units quarter 2. 2 Variable costs per dollar of sales: sales commissions 5% delivery expense 2%, and advertising 3% 3. 4. Fixed costs per quarter: sales salaries $12.240, office salaries $8.160, depreciation $4,240, insurance $1,530, utilities $860, and repairs expense $510. Unit selling price: $20. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2022. (List variable expenses before fixed expense.) WATERWAY COMPANY Selling and Administrative Expense Budget $ 1 Quarter 2 Six Months D