1 PM Thu 2 5. 10.00 points The budgeted unit sales of Welter Company for the upcoming fiscal year are provided below 1st Quarter 2nd Quarter 3rd Quarter 4m Ouarter Budgeted unt sales 17.000 20.000 16.000 15,000 The company's variable seling and administrative expense per unit is $160. 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 wil be paid in the second quarter Required: Prepare the company's seling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Your Fixed selling and administrative expenses 0 0 0 0 0 0 0 0 0 0 0 Total fixed selling and administrative expenses Total selling and administrative expenses S 0 Cash disbursements for selling and administrative expenses Hints References eBook & Resources