A Manufacturing Company's Budgeted Income Statement Includes the Following Data

A manufacturing company's budgeted income statement includes the following data: $\begin{array}{|l|r|r|r|r|}\hline\text { Data extracted from budgeted }\\ \text { Income statement } & \text { Mar } & \text { Apr } & \text { May } & \text { Jun } \\\hline \text { Sales revenue } & \$ 140,000 & \$ 80,000 & \$ 140,000 & \$ 95,000 \\\hline \text { Commission expense ( } 10 \% \text { of } & & & & \\\text { sale) } & 14,000 & 8000 & 14,000 & 9500 \\\hline \text { Salaries expense } & 32,000 & 32,000 & 32,000 & 32,000 \\\hline \text { Miscellaneous expense }-6 \% \text { of } & & & & \\\text { sales } & 8400 & 4800 & 8400 & 5700 \\\hline \text { Rent expense } & 3800 & 3800 & 3800 & 3800 \\\hline \text { Utilities expense } & 2300 & 2300 & 2300 & 2300 \\\hline \text { Insurance expense } & 2900 & 2900 & 2900 & 2900 \\\hline \text { Depreciation expense } & 4200 & 4200 & 4200 & 4200\\\hline\end{array}$

The budget assumes that 60% of commission expenses are paid in the month they were incurred, and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May?

A) $52,000
B) $58,100
C) $54,500
D) $46,500