A merchandiser plans to sell 13,900 units next month at a selling price of $110 per unit. It also gathered the following cost estimates for next month:

Cost	Cost Formula
Cost of goods sold	$60 per unit sold
Advertising expense	$150,000 per month
Depreciation expense	$70,000 per month
Shipping expense	$100,000 per month + $10 per unit sold
Administrative salaries	$50,000 per month
Sales commissions	5% of sales
Insurance expense	$15,000 per month

What is the total estimated gross margin for next month?