The cost account for Jake Ace, Corp. develops a Selling and Administrative Budget based on the following information: Jake Ace, Corp. Salaries Expense, fixed $24,400 per quarter Sales Commissions 2.00% of sales Rent Expense, fixed $16,000 per quarter Insurance Expense, fixed $1,700 per quarter Depreciation Expense, fixed $2,400 per quarter Supplies Expense 1.10% of sales Project Sales First Quarter $247,000 Second Quarter $271,000 Third Quarter $295,000 Fourth Quarter $319,000 Complete the Selling and Administrative Budget for 2021. Jake Ace, Corp. Selling & Administrative Expense Budget For the Year Ended December 31, 2021 First Qtr. Second Third Qtr. Qtr. Fourth Qtr. Total Salaries Expense Sales Commissions Rent Expense Insurance Expense Depreciation Expense Supplies Expense Total Budgeted Selling & Admin. Exp