The Karlin Company reported the following ending information after its first month of operations: What are the company's total liabilities? The Underhill Company purchases tennis rackets from a supplier for $85 each and then sells them to its customers for $125 each. The company forecasted unit sales of Ending inventory for January was 200 units and the company wants budgeted ending inventory to be 20% of the following month's forecasted sales. The company also has budgeted payroll of $12,000 and rent of $6,000 per month. For March, what dollar amount would the company report for budgeted net income