The Cabello Company buys air conditioners for $3,900 and sells them for $4,800 each; the company has the following sales forecast:

April 120 units

May 140 units

June 180 units

July 160 units

The company wants to maintain ending inventory for each month at 15% of the next months sales and had 20 units on hand on April 1st. The company also has monthly rent of $15,000 and salaries of $80,000.

Question: What amount of net income would appear on the company's income statement budget for June?