Year Waterway Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $30,720 in the first quarter, and $5,120 increments are expected in the remaining quarters of 2022. Fixed expenses are expected to be $51,200 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2022. +A 1 +A $ WATERWAY COMPANY Selling and Administrative Expense Budget A 2 Quarter +A 3 A +A 4 +A A A