The company sells many styles of earrings, but all are sold for the same price$$19$ per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow $($in pairs of earrings$)$:January $($actual$)23,000$June $($budget$)53,000$February $($actual$)29,000$July $($budget$)33,000$March $($actual$)43,000$August $($budget$)31,000$April $($budget$)68,000$September $($budget$)28,000$May $($budget$)103,000$ The concentration of sales before and during May is due to Mothers Day. Sufficient inventory should be on hand at the end of each month to supply $40\%$ of the earrings sold in the following month.Suppliers are paid $$5\mathrm{.}50$ for a pair of earrings. One$-$half of a months purchases is paid for in the month of purchase; the other half is paid for in the following month. All sales are on credit. Only $20\%$ of a months sales are collected in the month of sale. An additional $70\%$ are collected in the following month, and the remaining $10\%$ are collected in the second month following sale. Bad debts have been negligible.Monthly operating expenses for the company are given below:Variable: Sales commissions$4\%$ of salesFixed: Advertising$ $350,000$ Rent$ $33,000$ Salaries$ $136,000$ Utilities$ $14,500$ Insurance$ $4,500$ Depreciation$ $29,000$