PLEASE HELP ASAP IN 20MIN

Old Antique 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 the month. 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 expense for selling and administrative expenses for the month are $42,000. - Depreciation for May is projected at $6,000. Old Antique 's budgeted operating income for May is: $72,000 $66,000 $55,200 $61,200 $43,200