Brownsville Novelty Store prepared the following budget information for the month of May. Sales are budgeted at $301,000. All sales are on account and a provision for bad debts is made for each month at two percent of sale the month Inventory was $90,000 on April 30, an inventory increase of $18,000 is planned for May 31 All inventory is marked to sell at cost plus 40 percent Estimated cash disbursements for selling and administrative expenses for the month are $54,000 Depreciation for May is projected at $6,600. . . Brownsville's budgeted gross profit for May is