Assume a merchandising company provides the following information from its master budget for the month of May: SalesCashpaidformerchandisepurchasesSellingandadministrativeexpensesAccountspayable,May1thAccountspayable.May31st$138,000$92,000$32,000$25,200$33,000 If the company maintains no beginning or ending merchandise inventory and makes all of its inventory purchases on account, whot is the budgeted ne: operating income for May