Praxis Ltd. sold 15,000 units in November, and expects to increase its sales by 50% for the month of December. The budgeted sales price is $40 per unit, with a budgeted gross profit margin of 40%. The company expects to have purchases of $200,000 in December. Purchases are all paid in cash in the month of purchase. Other monthly fixed costs are $120,000, including $40,000 in depreciation. What is the budgeted operating income for Praxis Ltd. in December? $240,000 $580,000 $360,000 $280,000