May June July $ $ $ Projected sales 115,500 131,600 141,800 Projected merchandise purchases 75,100 72,100 73,300 Inventory at end of month 12,000 12,900 14,100 General operating expenses are budgeted to be $32,600 per month of which depreciation is $3,200 of this amount. Vista pays operating expenses in the month incurred. The income tax rate is 15%. How much is budgeted net income for July? Enter your answer in whole dollars with a comma separating the hundreds and thousands. Do not include a dollar sign. For instance, the number 123456 would be entered as 123,456