The director of Nintendo Ltd has been asked to produce a budgeted income statement for the six months ending on 31 March 20X0. He forecasts that monthly sales will be 3,000 for October, 4,500 for each of November and December and 5,000 per month from January 20X0 onwards. Selling price is fixed to generate a margin on sales of 33 1/3%. Overhead expenses (excluding depreciation) are estimated at 800 per month. He plans to purchase non-current assets on 1 October costing 5,000, which will be paid for at the end of December and are expected to have a five-year life, at the end of which they will possess a nil residual value. What is the budgeted net profit for the six months ending 31 March 20X0?