Gabe has the following monthly operating budget: S&A costs are $16,600 each month Budgeted sales are $200,000 Collections of sales are 60% in the month of sale and 40% the next month Cost of goods sold averages 60% of sales Merchandise purchases total $154,000 Budgeted gross margin is (Please use the following format: 000,000) ( Don't add dollar sign, round the answer and no decimal)