Brownsville Novelty Store prepared the following budget information for the month of May Sales are budgeted at $321,000. All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month. Inventory was $86,000 on April 30. an inventory increase of $15,000 is planned for May 31 All inventory is marked to sell at cost plus 50 percent Estimated cash disbursements for selling and administrative expenses for the month are $50,000 Depreciation for May is projected at $6,200. Brownsville's budgeted gross profit for May is