Curie & Co. is a dealer in investment securities. Last year, the firm made 120,000 trades with an average commission of $120. Because of the general economic climate, Curie & Co. expects trade volume to decline by 20% next year. However, the average commission per trade is likely to increase by 10% because individual trades are expected to be large. What are the estimated commissions revenues for Curie & Co. in the upcoming year