The following information pertains to the January operating budget for Casey Corporation, a retailer: Budgeted sales are $210,000 for January Collections of sales are 40% in the month of sale and 60% the next month Cost of goods sold averages 68% of sales Merchandise purchases total $156,000 in January Marketing costs are $3100 each month Distribution costs are $5000 each month Administrative costs are $10,600 each month For January, budgeted gross margin is $54,000 $84,000 $142,800 $67,200