MC Qu. 84 Brownsville Novelty Store prepared the... Brownsville Novelty Store prepared the following budget information for the month of May Sales are budgeted at $360,000. All sales are on account and a provision for bad debts is made for each month at three percent of sales for t - Inventory was $84,000 on April 30, an inventory increase of $12.000 is planned for May 31 . All inventory is marked to sell at cost plus 50 percent Estimated cash disbursements for selling and administrative expenses for the month are $48,000 Depreciation for May is projected at $6,000 Brownsville's budgeted operating income for May is: O $72.000. O $66.000 O $55.200 O $61.200 O $43.200