The Following Budget Information Is Available for the Arch Company

The following budget information is available for the Arch Company for January Year 2: $\begin{array}{llr} \text { Sales } &\$860,000\\ \text { Cost of goods sold } &540,000\\ \text { Utilities expense } &2,800\\ \text {Administrative salaries } &100,000\\ \text { Sales commissions } & \text {\( 5 \% \) of Sales}\\ \text { Advertising } &20,000\\ \text { Depreciation on store equipment } &50,000\\ \text {Rent on administration building } &60,000\\ \text { Miscellaneous administrative expenses} &10, 000\\\end{array}$
All operating expenses are paid in cash in the month incurred. Compute the total budgeted selling and administrative expenses (excluding interest) amount for January Year 2.

A) $262,500
B) $283,000
C) $240,000
D) $285,800