Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 36,000 for January, 56,000 for February, and 46,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows.

Commissions11%of sales dollarsRent$19,000per monthAdvertising14%of sales dollarsOffice salaries$73,000per monthDepreciation$46,000per monthInterest12%annually on a $200,000 note payableTax rate30%