Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.00 per unit. The budgeted fixed selling and administrative expense is $30,140 per month, which includes depreciation of $3,410. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 4,100 units are planned to be sold in July. Required:

Prepare the selling and administrative expense budget for July.

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" most of the money would be invested in innovation, economic convergence."