Fortune Incorporated 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 budgeted at 154,000 for the first quarter. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Sales Commissions 10% of sales dollars Rent $ 47,000 per quarter Advertising $ 590,000 per quarter Office salaries $ 287,000 per quarter Depreciation $ 124,000 per quarter Interest 2.00% quarterly on $210,000 note pay