A listing of budgeted selling and administrative expenses for Glide Tire Company in P7-2 for the year ended December 31, 2008, were as follows:
| Advertising expense | 942,000 |
| Office rent expense | 125,000 |
| Office salaries expense | 821,000 |
| Office supplies expense | 45,500 |
| Officer’s salaries expense | 661,000 |
| Sales salaries expense | 988,000 |
| Telephone and fax expense | 33,500 |
| Travel expense | 443,000 |
Required:
1. Prepare a selling and administrative expenses budget, in good form, for the year 2008.
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