More info < a. Sales in April are expected to be $40,000. Clipboard forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales. b. Clipboard maintains inventory of $10,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. C. Monthly salaries amount to $10,000. Sales commissions equal 5% of sales for that month. d. Other monthly expenses are as follows: Rent: $2,400 . Depreciation: $600 Insurance: $400 Income tax: $1,500