D Question 6 6 24 pts Bandera Corporation amontning for studented the activity for the month of Maybed on the wings Sales revenues Merchandise inventory, May I balance Merchandise inventory, May 31 balance Cash balance, May 1 balance Selling and administrative expenses Depreciation expense $350,000 $300,000 $270,000 $25,000 360,000 $35.000 All sales are cash sales and all selling and administrative expenses are paid in cash. In addition, cost of goods sold is 65% of sales revenue and all purchases are paid for in cash. What is Bandana's budgeted operating income for May? Round to the nearest whole dollar and do not enter a dollar sign or a decimal point (e.g.. enter 89. not $89.00)