Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 20,000 Budgeted unit sales 17,000 16,000 15,000 The company's variable selling and administrative expense per unit is $1.60. Fixed selling and administrative expenses include advertising expenses of $10,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $7,000 will be paid in the second quarter Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th QuarterYear 17,000 $1.60 $ 68,000 1.60 .1.60 1.60 $ 27,200 32,000 $ 25,600 $ 24,000 108,800 20,000 16,000 udgeted unit sales Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses 15,000 10,000 35,000 5,000 10,000 35,000 40,000 35,000140,000 10,000 7,000 64,000 10,000 Advertising Executive salaries Insurance Property taxes Depreciation 10,000 35,000 5,000 7,000 16,000 16,000 66,000 93,200 16,000 $ 77,200 16,000 16,000 Total fixed selling and administrative expenses Total selling and administrative expenses 16,000 16,000 64,000 ess: Depreciation Cash disbursements for selling and administrative expenses 16,000