Assume a merchandising company provides the following information from its master budget for the month of May: Cost of goods sold Cash paid for merchandise purchases Selling and administrative expenses $ 78,400 $ 73,500 $ 33,400 Cash paid for selling and administrative expenses $ 26,500 $ 18,500 Retained earnings, May 1 Retained earnings, May 31 $ 24,000 If the company does not pay any interest or dividends, what is its budgeted sales for May?