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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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