An online clothing retailer examined their transactional database to see if customers' total annual purchases (in dollars) were related to customers' income (in dollars). Below is the linear regression model, where income is the predictor variable and annual purchases is the response variable. y = -38.7 + 0.024x The R-squared value for this model is 47.2%. For a customer with an income of $126,000, what would their expected annual purchases be? Provide your answer in dollars, rounded to 2 decimal places.