Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts:

Sales $1,400,000

Cost of Goods Sold 820,000

Gross Profit 580,000

Operating Expenses($100,000 is Fixed) 418,400

Operating Income 161,600

Income Taxes (30% of operating income) 48,480

Net Income $113,120

Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income.

If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 60,000 T-shirts.

Refer to the information above. In a flexible budget for sales of 60,000 T-shirts, how much would Baskin budget for operating expenses?