What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement?

Multiple Choice

• $415,700

• $334,200

• $139,300

• $334,700

October November December Budgeted S&A Expenses Salary Expense 44,000 44,500 45,000 Sales Commissions 5% of Sales 22,000 22,500 22,300 Insurance Expense 19,000 19,000 19,000 Rent 22,800 22,800 22,800 Depreciation on equipment 27,000 27,000 27,000 Utilities 2,800 3,000 3,200 Total Operating Expenses 137,600 138,800 139,300 Schedule of Cash Payments for S&A Expenses Salary Expense ? 44,500 100% of Prior Month Sales Commissions 22,100 ? Insurance Expense 19,000 19,000 19,000 Rent 22,800 100% of Prior Months Utilities Expense 2,900 Total Payments for S&A Expenses n