Webster Corporation's monthly projected general and administrative expenses include $5,500 administrative salaries, $2,900 of other cash administrative expenses, $1,600 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $15,000. Compute the total general and administrative expenses to be reported on the general and administrative expense budget per month.
$23,400.
$8,400.
$10,000
$5,575.
$10,075.