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: 25,600 units quarter 1: 28,160 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $15,360, office salaries $10,240, depreciation $5,280, insurance $1,920, utilities $1,120, and repairs expense $640. 4. 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.) Budgeted Sales in Units Variable Expenses Sales Commissions Delivery Expense Advertising Total Variable Expenses Fixed Expenses Sales Salaries Office Salaries Depreciation Insurance Utilities Repairs Expense Total Fixed Expenses Total Selling and Administrative Expenses WATERWAY COMPANY Selling and Administrative Expense Budget For the Six Months Ending June 30, 2022 $ 25,600 Quarter 2 $ 28,160 Six Mon