James River Company is preparing its selling and administrative budget for next year. James River is expecting sales volume to increase by 12% as a result of a 3% reduction in selling price. Last year, James River paid $12,000 in sales commissions to its sales people, based on the amount of revenue they generated. How much should James River budget for commissions this year? Round your answer to the nearest dollar. Do not use dollar signs, commas, decimal points, etc