Good Morning Sunshine is a wholesaler of coffee makers. In2012, actual June sales revenue totaled $250,000. July's sales are expected to increase10% overJune's sales.August's sales are expected to increase15% overJuly's sales. Prices are set to achieve a 50% gross profit. The company wants to maintain an ending merchandise inventory equal to15% of the nextmonths cost of goods sold. This requirement was met on July 1st.

Thecompanys budgeted purchases for the month of July are ?

(round to the nearest dollar and use commas whereappropriate)